Is this property freehold or leasehold? If leasehold - how many years remain on the lease, what are the service charges and ground rent?
Quick Answer
Most houses in the UK are freehold, while most flats are leasehold. If it's leasehold, you need to know the remaining years, annual service charge, and ground rent, as these heavily impact its value and your costs.
About This Topic
Understand UK freehold vs. leasehold properties. Learn about lease length, service charges & ground rent impact on value & costs. Essential for buyers.
This question is part of our Buying Your First Property category, providing expert guidance on UK property investment.
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