Remortgage FAQs

Freehold or Leasehold?

Freehold

Freehold is when you own the property and the land on which it is built. You will not have a landlord or pay any service charges. Houses are usually freehold.

Leasehold

Leasehold typically applies to flats. You will have a defined lease term (e.g. 99 years) and will probably pay service charges and ground rent to a landlord or freeholder.

What if there is a share of freehold?

When you own a share of the freehold, there will still be a lease but you will also own a share in the freehold. If the property is 'share of freehold' please select 'Leasehold'.

Still not sure?

If you are not sure, please select 'Freehold'. Your solicitor will let you know all about the property tenure during the conveyancing process.