Leasehold

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This is a system used mainly in England where you own the property for a set period before handing back ownership to the freeholder. When you hold a leasehold on a property, it remains the property of the freeholder.

A leasehold will set out the details of obligations of the leaseholder for repairs and maintenance of the property.

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Butler Mortgages | 12 Maristow Street | Westbury | Wiltshire | BA13 3DN