What is the difference between freehold and leasehold?
Many of our shared ownership homes are available to buy as leasehold properties. That means you own the property for a fixed number of years, as defined within your lease (usually 125 years). You do not own the land your home is built on, but you do have the right to live there. CKH will remain the freeholder of your property.
As a result, you may be expected to pay service charges for repairing, maintaining and securing your building or the surrounding estate.
If you choose to staircase (buy additional shares) up to 100%, you may be able to obtain the freehold of your home.
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