Freehold and Lease

bounceagain | 14:21 Tue 27th Mar 2007 | Shopping & Style

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What the difference of buying a property with freehold or lease? Is freehold buying the land?

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put simply

Freehold - you own the land the property sits on

Leasehold - someone else owns the land and you pay ground rent.

Question Author

I thought it was something like that, thanks.

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