The decision to buy a leasehold or a freehold property depends on your preferences and financial situation.
With a freehold, you own both the property and the land it sits on. This means you donÔÇÖt have to pay ground rent and service charges to a landlord. You also have more freedom to renovate the property. However, leasehold properties can be more affordable with fewer maintenance responsibilities than freehold properties. With some leasehold properties, you might also have access to shared amenities such as a 24-hour concierge service.
It is important to weigh up the pros and cons of purchasing a leasehold property. Our specialist solicitors will be happy to advise you.