Advise Please ...

[johngt]

I am looking into a House which is converted into two flats.
First floor fat has a roof converted.

Both are currently owned by a single landlord and currently both are for sale.

I am interested in buying the first floor flat.

I am in a position to negotiate the leasehold/ freehold status for the property with the landlord…the current landlord has mentioned that he does not intend to keep any freehold on the property….

What are the options available for me…?

Is there a way I can have the complete freehold for the property with the person buying the ground floor flat taking a lease from me….

Or will I be in a better position is I take a long lease…

What is the maximum lease I can negotiate….

Please any help will be very much appreciated…

[jeffrey]

1. V owns:
a. whole freehold building (no existing leases at all); or
b. just two existing leasehold flats; or
c. a + b together.

2. You must ascertain which of the above applies.

3. If V owns (for example) only one flat leasehold plus whole building's freehold, there could be problems.