property

[mews64]

What do L/L - Long Leasehold, F/H - Freehold, F/L - Freehold/Leasehold and S/L Short Term Lease mean? What are the differences?

[Ethel]

Freehold - you own land and buildings outright.

Leasehold - you own the right to occupy the land for a number of years.

Long leasehold - over 21 years

Short term leasehold - for the length of time specified.

Good article here:

http://www.channel4.com/4money/mortgages/homeb uying/decide2buy/freehold.html