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Thanks for your enquiry.
Generally, Mortgage Lenders will only lend on a Leasehold property provided there is at least 55-60 years remaining on the Lease. Therefore the issue of purchasing the Freehold will have to come up again in the future, and it becomes more expensive the longer you leave it.
However, if you were never to purchase the Freehold, then legally, the next of kin has the right to purchase the Freehold, provided the deceased had owned the property for 2 years. So, your Daughter would be free to purchase the Freehold, and this could be done, for example, at the same time as when the property is sold by her.
I hope this assists and clarifies the position.
If so, I would be grateful if you could rate my answer.
Yes- whoever you bequeath the house to in your Will automatically owns the Lease. However, it is only the Executor(s) named in your Will who have the automatic right to apply to purchase the Freehold. Therefore, if the person who is bequeathed the property is not an Executor, and the Executor does not apply to purchase the Freehold, the person would have to wait 2 years until being entitled to purchase the Freehold.
I hope this helps.