Considering a leasehold property in the UK? Learn what to review before making your decision.
Leasehold properties—most commonly flats—mean you own the property for a fixed period but not the land it stands on. Buying leasehold comes with extra considerations compared to freehold.
What to check before buying:
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Length of the lease: Anything under 85 years may affect resale value and mortgage availability.
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Service charges and ground rent: Review yearly costs and what’s included (e.g. cleaning, insurance).
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Restrictions: Some leases restrict subletting, pets, or renovations.
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Planned works: Check if major building works are scheduled, which could mean extra costs.
Why it matters: Leases affect your long-term financial commitment and control over the property. A conveyancer will help you understand the lease terms and negotiate where necessary.