The owner holds the property indefinitely with no ground rent. Most houses in the UK are freehold. Freehold flats are rare and legally complex, usually you'd buy leasehold with a share of freehold instead.
Ownership term
Freehold
Outright ownership of the land and building.
Related ownership terms
More from this category
SIPP
A pension wrapper allowing personal control over investments.
SPV
A limited company set up specifically to hold property.
Leasehold
Ownership for a fixed term (usually 125–999 years) from a freeholder.
Peppercorn rent
A nominal or zero ground rent.
Ground rent
Annual fee paid by leaseholders to the freeholder.
Next Step
Need this concept applied to a specific deal?
Book a 20-minute call. We'll work through the term as it applies to your situation and the live opportunities it affects.
Book a Free Consultation