What is the difference between freehold and leasehold properties?
Owning a freehold property means that you own the whole of that property, including the land it’s associated with and rights that come with it, such as parking access. You own these rights for an unlimited amount of time. You’re free to do what you want with your home (subject to planning regulations).
On the other hand, a leasehold property means that you only own the property itself, not the land it’s built on. This is owned by the landlord. Leasehold also means that you only own the house for a certain amount of time, such as 99 years, and there will likely be restrictions as to what you can do.
Please note that all information provided in this FAQ is for general reference only. It should not be used as a sole or definitive source, nor is it intended to be used for decision making in place of appropriate advice from a qualified legal professional. As such the information is provided as-is and Brevis cannot accept any responsibility or liability for any loss or damage resulting from any errors or ommission in, or any reliance on, information contained in this guide.