Freehold Vs Leasehold: What Are The Differences

Posted by Emma Robison on Sep 16, 2019 2:02:00 PM

Under UK law, property can be acquired as either freehold or leasehold and there are important differences to note between the two.

Houses are usually sold freehold, although leasehold houses are becoming more common in new build developments. Flats and office space are sold leasehold, as portions of a larger building. Commercial property is typically sold leasehold, unless you purchase an entire building. Purchasers intending to use a residential property for a commercial use may need to apply for change of use. It is important to note that leases running seven years or more need to be registered by the purchaser at the Land Registry and SDLT is payable.

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Topics: Commercial Property Finance, Property Development Finance, Commercial Mortgages, Business Finance

An Introduction To Property Development Finance

Posted by Martin Collins on Feb 13, 2019 1:58:00 PM

 

Property development finance is a type of working capital finance used for large scale property development projects. The nature of development is capital intensive and can be seen as risky. The cost of finance reflects the level of risk associated with the project as assessed by the lender.

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Topics: Commercial Property Finance, Property Development Finance

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