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Freehold or leasehold?

I am currently hoping to move to the UK (under the ancestry scheme). I have been searching for property online via the Zoopla website. However some of the properties specify that they are freehold, leasehold or shared ownership but others don't state the tenure at all. Are the properties which don't state the tenure freehold properties ? (As they don't stipulate the property is to remain partly someone else's or to involve an ongoing payment). Help in this matter would be gratefully appreciated.

Asked on May 6 2011, House Prices in London | Report content

Answers (1)

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  • The only way to find out is to ask the agent advertising them. They really should put what tenure it is on the details. As a rule of thumb any house is normally freehold and flats are Leasehold or Share of Freehold. Some flats are freehold but lenders in England do not like them I think from memory there are only 3 lenders that would lend on this type of property. Best is to go for Freehold Title or if a flat Share of Freehold as this gives you more control over the costs of running the building.

    Answered on May 6 2011, Report content

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