Eastlife Autumn 2020
Dear Reader, we’re back! There’s been a few changes at eastlife during lockdown. We have a new publisher, new team members and a fantastic newly designed website! I hope you enjoy!
Dear Reader, we’re back! There’s been a few changes at eastlife during lockdown. We have a new publisher, new team members and a fantastic newly designed website!
I hope you enjoy!
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than if you were to rent
privately.
• You have the option
to buy more shares of
your home in the future
via a process known
as ‘staircasing’. In most
cases, purchasers can
staircase all the way to
100%, in which case they
are no longer required
to pay any rent, just their
mortgage along with any
relevant service charges
and ground rent.
• You can sell the shares
you own at any time.
• It is not normally
necessary to pay Stamp
Duty land tax on an initial
purchase.
• Unlike private renting,
you have security of
tenure. As long as the
rent is paid and mortgage
repayments are made,
you can live in the
property for the duration
of your lease – this is
usually 99 or 125 years. At
the end of the lease, the
leaseholder can organise
an extension with their
housing provider; we
would recommend
appointing a solicitor and
surveyor with experience
in this area.
Contact:
Lee Webster
Flagship Group
31 King Street
Norwich
NR1 1TP
Tel:
01603 255444
Email:
lee.webster@
flagship-group.co.uk
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