Am I buying Leasehold or Freehold?
All homes purchased through Shared Ownership are leasehold, which means that you own the property, but the land upon which the property is built is owned by the freeholder. This gives you the right to occupy the property for as long as the lease is valid. Freehold, on the other hand, means that you own the property and the land upon which the property stands. In most cases, once you’ve purchased outright (a 100% share) we can make it a freehold for you.