When buying a property in the UK, one of the biggest decisions you may face is whether the home is leasehold or freehold. While these terms are commonly used in the property industry, many buyers are unsure of what they actually mean, and how ownership, responsibilities and costs differ between the two.

Understanding the difference between leasehold and freehold is essential before purchasing a property, managing a building, or making decisions about your long-term ownership.

Here, we take a closer look at leasehold vs freehold, what each type of ownership means, and the key differences every property owner should know.