Freehold - Cheap Mortgage Deals

Freehold is the term that refers to the ownership outright of a property. As opposed to leasehold which means you are only leasing the property and do not own it or the land it stands on outright.

The main time this term is of any significance is when you are buying, renting or selling a property. It forms a significant part of your contract and your conveyancer will make sure that your contract clearly states the facts relating to the freehold and where the boundaries on the property begin and end.