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freehold/leasehold

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polar | 16:04 Tue 25th Jan 2005 | Home & Garden
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does anyone know what the difference is between leasehold and freehold and does this mean my neighbour has different rights to me because they are freehold. 
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I recently bought the freehold on my property,which may seem a bit mad,as it cost me �1,280 ,and the ground rent was only �12 annually.However i now have no restrictions on what i can do with the property,and was having hassle from the freeholders trying to get me to take out their buidings insurance ,which i was not prepared to do.Also it does add to the saleable value when freehold.Anyway if i stay where i am and live another 106 years i will get my money back!!!

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