Patternbricks Sourcing

LEASEHOLD vs FREEHOLD PROPERTY ๐Ÿ ๐Ÿš๏ธ

LEASEHOLD vs FREEHOLD PROPERTY ๐Ÿ ๐Ÿš๏ธ

What is a freehold?

The freeholder of a property owns it outright, including the land itโ€™s built on.

If you buy a freehold, youโ€™re responsible for maintaining your property and land, so youโ€™ll need to budget for these costs.

Benefits of having a freehold

You donโ€™t have to:

  • Worry about the lease running out, as you own the property outright.
  • Deal with the freeholder (often known as the landlord).
  • Pay ground rent, services charges or any other landlord charges.

What is a leasehold?

With a leasehold, you own the property (subject to the terms of the leasehold) for the length of your lease agreement with the freeholder.

When the lease ends, ownership returns to the freeholder, unless you can extend the lease.

Most flats and maisonettes are owned leasehold, so while you own your property in the building, you have no stake in the building it is in.

Are you looking at investing in UK property or add to your existing but don’t have the time to?

Patternbricks Sourcing helps busy professionals who want to invest in UK property or rapidly grow investor’s existing portfolios. We source and vet all our properties to make sure they investment worthy and will return extremely good ROIs.

If you haven’t joined our FREE deal alert list yet, then do so now and we will send you deals every week. Join here

Otherwise call us on 02475070705 or send an email to cyrille@patternbricks.co.uk to discuss any specific criteria you are looking for in your next property. We do offer a bespoke sourcing service and will definitely be able to help.

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