A look at Freehold property ownership and mortgage solutions available!
Freehold is a type of property ownership. There are two different types of property ownership in England and Wales, the other being Leasehold.
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On this page we take a look at Freehold property ownership, and explain how freehold ownership works. If you are looking for mortgage funding for freehold property ownership we also offer details of how we can help!
Table of Contents:
What is Freehold property ownership?
So, what is Freehold property ownership? Well, there are two different types of property ownership in England and Wales, and your property must be one or the other.
- Freehold
- Leasehold
If your property is Freehold, you fully own the property and the land it sits on, as well as any other buildings that are on that land (such as garages and other outbuildings), together with the rights and obligations that come with the property and land. It is your sole responsibility for the maintenance of the property.
Owners of freehold property are generally free to do as they please with their property and land such as carry out refurbishments, or build an extension or outbuildings, subject to it meeting legal requirements and that planning permission is sought and obtained where appropriate.
If you have a leasehold property then you own the property for as long as is specified in the lease. The lease is issued by the freeholder in addition to the right to live in the property peacefully. Once the lease on a leasehold property has expired the property returns to the possession of the freeholder.
Mortgage help for Freehold property ownership
So, if you are looking into buying a property to own on a freehold basis and require mortgage funding, why not get in touch with us!
We're available on Freephone 08000 282 281 from 8am until 10pm, or alternatively why not enquire online at any time.
Our professionally qualified Mortgage Advisors will assess your needs, requirements and aspirations, together with your circumstances in a bid to ensure we come up with the most suitable solution for you!
We are sure you will find our service to be friendly and professional and we love to be able to help wherever we can, so please don't hesitate to Contact Us if you would like to discuss your requirements, naturally without obligation and we'll be delighted to provide you with an in-principle decision - whatever your circumstances!
Hopefully we have managed to explain Freehold property ownership and how we are able to help with mortgage funding, and have answered any initial questions you may have had. For further reading, why not take a few moments out to explore the wealth of mortgage related information throughout our site and investigate the options that may be open to you, and don't forget if you do feel we can be of assistance we're only ever a free phone call or a couple of mouse clicks away and would love to hear from you!
The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
Are you worried and becoming stressed because you are having problems getting a mortgage or remortgage? Worry and stress no more! Here at Shire Direct we provide tailor made mortgage solutions to suit you, and can usually help with all kinds of circumstances including...
Remember, we're here to help, and would love to hear from you!
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