Freehold vs Leasehold: Differences to be aware of
When purchasing a home in England, one of the first things you'll encounter is whether the property is being sold as freehold or leasehold. These terms describe the type of ownership you are acquiring and carry significant differences for homeowners. What is Freehold? If you purchase a freehold property, you own both the building and the land it stands on outright. Your ownership is not limited by time, and you are responsible for the upkeep of the property and the land. Freehold is generally considered the most straightforward form of…
