Freehold vs Leasehold: What's the Difference

Freehold means you own the property and the land it stands on.

Leasehold means you own the property for the length of the lease, but not the land; you may pay ground rent/service charges and follow lease rules.

Length of lease, ground rent terms, service charges, major works, restrictions, and whether consents are needed for alterations.

Your solicitor will review the lease and raise enquiries, but you should also understand ongoing costs and obligations.

Management packs and replies from the freeholder/managing agent can add weeks.

Additional documentation and consents are often required.

Ask early about service charge levels and planned works, and ensure you understand any unusual lease clauses.

If anything looks unreasonable, your solicitor should explain the implications clearly.