Purchasing the freehold of your property means acquiring the outright ownership of both the building and the land it sits on. For leaseholders, this process—often called —eliminates ground rent and provides greater control over property alterations and management. Key Benefits of Buying the Freehold
: It removes the obligation to pay annual ground rent. purchasing freeholds
: Owning the freehold can make a property more attractive to future buyers and lenders, potentially increasing its market value. Purchasing the freehold of your property means acquiring
: You generally no longer need a third party's permission to make structural changes or keep pets. purchasing freeholds
: You avoid the need for expensive lease extensions as the remaining term becomes irrelevant. Eligibility and Legal Rights