Buying a freehold flat

A question about : Buying a freehold flat

I've heard that it's difficult to get a mortgage on a freehold flat.

There is one I'm looking at that's been on the market for about 2 and a half months, the price has been dropped once already. It's a two bed flat but it has a large hallway and bedroom so there is the potential to turn it into a 3 bed.

We're still going through probate so obviously can't buy yet but if this is still on the market once we have been granted probate I would be interested in it. And the mortgage isn't an issue as we'll be cash buyers as we're selling this house as soon as possible.

It's the cheapest in the area (probably due to the freehold?) but in good condition

I'm just worried that when we come to sell it'll take a long time / we'll have to drop the price to get a buyer...

Best answers:

• It's cheap for a reason.
  When you sell, the same reason will apply so you'll have to sell cheap.
  Is it truly a freehold flat? And where is it?
• Surely a freehold flat is more appealing? No leaseholders charging through the roof, or having to worry about renewing the lease?
  Maybe there's another problem with it, or maybe the owners are just in a rush to sell - neither look ideal for your situation!
• If you are prepared to accept that you'll only sell on to cash buyers, you have evidence that there is a market for the flats and that there is some sort of formal arrangement for collection of service charge and maintenance of the common parts then I wouldn't totally write it off.