Freehold and Leasehold
With freehold purchases, the buyer will have outright ownership of the property and the land it stands on. With a land purchase, this means there is no time limit to the period of ownership.
With leasehold purchases, the buyer will own the property for a fixed period of time, and not the land it stands on. This usually relates to flats, and there tends to be an annual ground rent included.
We can explain these terms in more detail and help guide you through the sale and purchase process.
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