Buying freehold is the process of purchasing the land and property outright, rather than leasing it from a landlord. This gives you complete ownership of the property and the land it sits on, and it can be a great investment. There are many benefits to buying freehold, including:
- You own the land and property outright, so you can do with it as you please.
- You can build extensions or make alterations to the property without having to get permission from a landlord.
- You can sell the property whenever you want, without having to worry about a lease.
- You can pass the property on to your heirs when you die.
Buying freehold can be a great way to secure your financial future and give yourself peace of mind. However, it is important to do your research before you buy, and to make sure that you can afford the monthly payments.