In this episode of Finance for Everyone, we demystify the confusing world of UK property ownership. Exploring Freehold, Leasehold, Share of Freehold, and Commonhold.

Meet our fictional characters Tasha, a first-time homebuyer excited about her freehold house in Nottingham, and Amir, who’s navigating the complexities of buying a leasehold flat in London. Through their parallel journeys, you’ll uncover the real differences between owning a property outright and owning it under a lease.

We explain exactly what terms like ground rent, service charges, and lease lengths mean for your property choices, and how they affect your rights and responsibilities as a homeowner. You’ll also discover alternatives like Share of Freehold and the promising but rare Commonhold system, giving flat owners more control and freedom.

Follow Tasha as she embraces the benefits of freehold ownership, complete with freedom and responsibility for every maintenance challenge, and Amir as he experiences both the convenience and limitations of leasehold living. Amir’s journey takes an exciting turn as he and his neighbours successfully team up to purchase their building’s freehold, unlocking greater autonomy and control.

Learn about recent leasehold reforms making ownership fairer and cheaper, such as the end of ground rents, simpler and more affordable lease extensions, and easier processes for residents to buy their freehold.

We also tackle popular myths, clearing up common misconceptions about property ownership in the UK, and leave you with practical, actionable insights. Whether you’re considering buying your first home or navigating property decisions, this episode will equip you with clear, confident knowledge.

Friendly Reminder: This episode is intended for educational purposes only and does not constitute financial advice. Always consult a qualified financial advisor or legal professional for personalised guidance.