What is the difference between freehold and leasehold?
Freehold property
Most houses in England and Wales are freeholds. If you buy a freehold, the building plus the land it is built on are yours.
Leasehold property
Most flats in England and Wales are leasehold. You are buying the right to live in the property for a specific number of years. Typically when the lease expires the property will return to the owner; however it is common to buy an extension to a lease from the freeholder.
Share of freehold
For the purposes of an accurate quote on reallymoving.com, select Leasehold. A ‘share of freehold’ means that you are buying a leasehold and a part of the freehold.
Absolute Ownership (Scotland)
Absolute Ownership is where you purchase the complete ownership of a property. It is the Scottish equivalent of a Freehold in England and Wales so for the purposes of getting an accurate quote on reallymoving.com please select Freehold.
