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residential leasehold situations

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  • residential leasehold situations

    I am considering buying a property in Wanganui on land that is leasehold. The owners are the Pohutukawa Trust. I am totally new to this and can't seem to locate any helpful info about either. Any tips gratefully received

  • #2
    If you are looking for a long term buy and hold investment, don't buy leasehold. You are basically just buying a house and you won't have the benefit of capital gain in the future. Don't do it.

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    • #3
      Leasehold land can also be a problem to some lenders. You would need to check you can finance it before buying.

      John

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