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.
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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