Freehold Ownership
Property ownership type
You own the property and the land it sits on outright, with no time limit.
What This Means
Freehold is the best type of ownership - you own both the building and the land beneath it forever. No landlord, no ground rent, no lease expiry.
Practical Advice
- No ground rent or service charges (except some modern developments)
- Complete control over your property
- No lease to extend or worry about
- Full responsibility for all repairs and maintenance
- Easier to sell and mortgage than leasehold
Key Points
- No ground rent or lease payments to make
- Complete control over the property
- No lease expiry concerns
- Full responsibility for all maintenance and repairs
- May still have estate charges on some modern developments
Additional Information
Freehold is generally preferred for houses and provides maximum ownership freedom.