What are freehold and the benefit of having a freehold?
What are freehold and the benefit of having a freehold?
A property's freeholder ownsit completely, including the ground on which it is built. You'll need to budget for these costs if you acquire a freehold because you'll be responsible for the upkeep of your property and land.
The majority of homes are freehold, although some are leasehold โ usually as part of shared-ownership programs.
The advantages of owning a freehold:
- You don't have to worry about the lease expiring because you own the property outright
- you don't have to deal with the freeholder (also known as the landlord)
- you don't have to pay ground rent, services charges, or any other landlord fees.
You can contact us to get more choices