Freehold or Leasehold.
I currently live in a leasehold property on a buy/rent basis and own 40%. I have the opportunity to buy the property outright (100%) but only on a leasehold basis. The owners will not sell the freehold. What are the pros and cons of only having the leasehold and should the value of the property be less if I am only buying the leasehold? Any guidance will be much appreciated.
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