Freehold vs Leasehold Properties: The Key Differences (UK). Are you looking for a new home? Do you understand what is meant by a freehold or leasehold property? Experienced estate agent, Ian Harris helps explain the key differences.
So here is what you will learn in this video:
The definition of freehold and what means to you if you own a freehold property.
An explanation of what leasehold means and why leaseholds were set up, using the most common example of a block of flats.
The video also discussions some of the restrictions that may be imposed in a leasehold property and other fees that you may need to pay in a leasehold property such as the ground rent and service charges.
Ian finishes with some tips on questions you should ask the estate agent if you’re looking at leasehold property.
For more advice visit the Propertymark website http://ow.ly/uFKy30iC0to
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