Bexley Borough Buy To let –Freehold House or Leasehold Flat?
Well, my Bexley Borough Property Blog reading friends, as seems to be all the rage with Jeremy Corbyn asking the PM questions emailed in to him at Prime Minster's Question Times, I too wish to answer a question emailed into me from a potential Bexleyheath landlord last week. Nice chap, lives near Danson Park, and, after having a coffee with him, it turns out, he works in IT, has a spare bit of cash (now the kids have flown the nest) and wanted to buy his first buy to let property. His main question was ... Do I buy a freehold house or a leasehold flat in Bexleyheath? Most people will say freehold every time, because you own the land. However, it’s not as simple as that (it never would be would it!). The definitive answer though is to research what Bexleyheath tenants want in the area of Bexleyheath they want! The tenant is ultimately your customer, and, if they don't want to rent what you decide is best to buy, then you are not going to have a successful BTL investment...