Buying
property in UK seems as daunting as
selling property in UK. We at Easylawyers.co.uk
therefore strive to make available
all the vital information that you
need to know to facilitate your UK
property sales. All properties enlisted
in UK property sales are either freehold
or leasehold. It is up to you to choose
which property option to go for. Easylawyers.co.uk
aids you with all the conditions and
disbursements that go along with buying
property in UK.
Benefit
from the expert help offered at Easylawyers.co.uk
that makes buying property in UK easy
for you as never before!
When
you buy freehold property in UK, you
become a ‘freeholder’ which means
you fully own the property that is,
the land on which it stands and the
right to live is yours for an indefinite
period of time. Also you have full
ownership of the property until you
decide to sell it. You can buy freehold
property which comprises of the house
including the lawns or gardens, terraces
and the land on which it is built.
When
buying leased property in UK, you
only own the right to live for as
long as the lease period. Such property
includes flats and apartments excluding
the land on which it is built. The
property becomes the possession of
the freeholder as soon as the lease
period gets over. Even though you
are a mere resident, you have to take
care of the maintenance and repairs.
As the resident you also need to pay
the ground rent on the leasehold property
that you buy in UK.
When
buying property in UK, the type of
ownership essentially decides who
stands responsible for maintaining,
repairing and taking care of the property,
the resident or the freeholder. So
what do you prefer? Need help in choosing?
Easylawyers.co.uk is here to help!
|
