19/08/2026
Freehold Vs Leasehold
If you're buying a property, one of the first things you'll need to understand is whether it is freehold or leasehold.
Freehold means you own both the property and the land it stands on outright, with no time limit on your ownership. You are generally responsible for maintaining the property and the land.
Leasehold means you own the property for a fixed period under the terms of a lease, but the land itself is owned by the freeholder or landlord. Depending on the lease, you may have to pay ground rent, service charges, and obtain permission before making certain alterations to the property.
Understanding whether a property is freehold or leasehold is important, as it can affect your rights, responsibilities, ongoing costs, and even your ability to sell or remortgage the property in the future.
Every property is different, so it's important to understand exactly what you're buying at the outset.
Your solicitor can explain the terms of the title and identify any issues that may affect your purchase. If you're buying a freehold or leasehold property and would like advice, don't hesitate to contact us today!
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