Leaseholder and freeholder information
If you are buying a flat or maisonette you are likely to become a leaseholder. Your lease will usually be 125 years and can be renewed.
As a leaseholder you will be responsible for paying:
You must also consider major works. These are repairs and improvements that we make to your building that you may need to pay towards.
If you are buying a house, it is likely that you will become the freeholder. This means that you are responsible for paying for all repairs and maintenance work.