Help on house im looking at
Myself and my partner are buying a shared ownership house, the house ticks all our boxes for what we are after and it is amazing and we both love it- but there are some issues.
-The leasehold on the house has 106 years left( not to bad i know)
-The gas is not mains supply but bottle supply for the house as the village it is in doesnt have a mains gas supply electric and water are mains supply.
- stair casing to purchase more of the house as per the scheme stops at 80%, we cannot own 100% of the house, meaning we cannot buy the freehold either…..
Now we dont think this will be our forever home, but we arent sure-
Can you help me make sense of the pros and cons of this purchase with brutal honesty if it will be a good idea or a mistake?
Is it then going to be difficult to sell in a few years down the line given these current issues are going to still be there and it will have a slightly shorter lease?
Is it worth us settling for a place that is still fine, if we know we can potentially own 100%, buy the freehold or if we decide to move before any of that, sell and have buyers who have those options so it is more likely to sell?
Thanks for anyones help!