Properties in England and Wales are sold on either a leasehold or freehold basis. If you buy a leasehold property - you don't own the property outright, you only own it for a set period of time, after which ownership of the property reverts to the person that owns the land (i.e. the freeholder). Purchasing a leasehold interest is markedly different from freehold ownership and requires a number of careful considerations. Read ALEP's article to find out more.
