Any problems buying a 'freehold' property with 999yr lease?

Posted 9th Mar 2022
We've been looking at a house which seems like is good value for its price and size. We put in a offer that was accepted. We was then told it was a house with a 999 year lease. We was a bit weary but was assured the property can be bought and sold just like a freehold property. Having never dealt with anything like this, are there any pitfalls or dangers we should look out for or will it be safe just to go ahead?
Community Updates