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What do L/L - Long Leasehold, F/H - Freehold, F/L - Freehold/Leasehold and S/L Short Term Lease mean? What are the differences?
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Freehold - you own land and buildings outright.
Leasehold - you own the right to occupy the land for a number of years.
Long leasehold - over 21 years
Short term leasehold - for the length of time specified.
Good article here:
http://www.channel4.com/4money/mortgages/homeb uying/decide2buy/freehold.html
Leasehold - you own the right to occupy the land for a number of years.
Long leasehold - over 21 years
Short term leasehold - for the length of time specified.
Good article here:
http://www.channel4.com/4money/mortgages/homeb uying/decide2buy/freehold.html
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