When purchasing a property, you will either be doing so on the basis of a ‘freehold’, meaning you own the property outright, or a ‘leasehold’ in which you own the property for a specific amount of time but are officially a ‘tenant’ and a ‘landlord’ owns the freehold.
It is important to understand which your property is, and what your options are, as not knowing can cause issues in the long run.
For trusted advice on any residential property matter, contact:
Associate, Head of Residential Conveyancing
T: 0191 212 email@example.com