Leasehold vs Freehold: What’s the difference?

It’s important to know the distinction between leasehold and freehold properties, because there are key differences that might affect your plans to sell your home.

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Three answers to commonly asked questions about leasehold and freehold

We frequently receive questions about the difference between freehold and leasehold. Here’s a sample of some of the things that people ask us the most often:

✅ As an owner is it better to be a leaseholder or freeholder?

Generally speaking being a freeholder gives you more options for selling, because you have outright ownership of your house and the land on which it’s built, rather than a leasehold that you own for a set period of time along with associated charges.

✅ Should I buy a short leasehold property if I'm offered one?

Most people try to avoid purchasing a short leasehold property, which would be any lease agreement that is less than 90 years. That’s because shorter leaseholds are less attractive to potential buyers and to mortgage companies.

✅ Can I sell a freehold property without restriction?

Yes. Because you’re the sole owner of the property, including the land and the house, you have total authority to decide when and how to sell – whether that’s through auction, an estate agent, or selling to a property buying company.

LDN Properties can make you an offer no matter what type of property you own

Reach out to us today – either by clicking on "Request Offer" or calling our friendly experts at 020 7183 3022 – to talk about selling your home. When you sell to us, you’ll get a fast, no-hassle and zero-stress way to get a quick and competitive offer on your property. And you have our guarantee that we’ll never charge you any fees for selling to us.

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