What does share of freehold mean?
The Leasehold and Freehold Reform Act 2024 was passed on the 24th May 2024, but is not yet in effect and the date for this is not yet clear. We will update our content as and when the finalised legislation is published. Read more - Expected changes
- You have no third party external freeholders - you are the freeholder along with your fellow freeholder/s;
- You either carry out repairs to communal areas yourself along with the other freeholder/s or you at least have a say in who carries out the work and can better ensure using reasonably-priced contractors;
- You can agree to develop your property more easily, or vary condition ins your lease as you can agree them with your fellow freeholders before you buy the property (many freeholders prefer to not vary anything and may charge if they so so); and,
- If you want to extend your lease you can negotiate directly with the other freeholder/s: the process should, as a rule, be much less expensive than if you were purely a leaseholder and you may even be able to do so for free if this is agreed in principle with the other freeholder/s. Read more - How to extend a lease where you own a share of the freehold
Tips for Selling or Buying share of freehold
Selling a Share of Freehold | Buying a Share of Freehold |
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What are share of freehold problems?
- The share of freeholders may not agree to how the freehold should be managed such as not allowing leases to be extended or who is going to maintain the property.
- Share of freeholders who fail to perform their duties are in breach of the leaseholders and could effect the resale or financing of the leaseholds.
- It is extra work and whilst some agree to do this work, others may not do their fair share.
- When a share of freeholder sells, you have no guarantee that the new owner will perform the same duties as freely as the departing freeholder.
Is a share of freehold a freehold?
Which properties are most likely to be share of freeholds?
What are the Pros and Cons of buying a share of freehold property?
Pros
- You are your own master, along with the other freeholder/s
- You can negotiate a longer lease directly with the other freeholder/s or with the managing company which you own a share of
- You don't have to pay any ground rent
- You can more easily negotiate matters like developing the property or varying other terms of your lease
Cons
- You and other freeholders have to manage the property yourself.
- It is more expensive than being a leaseholder, particularly in the short term.
- If you haven't set up a management company to run the freehold, when you come to sell, mortgage lenders may be unwilling to lend to potential buyers making selling more difficult.
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Andrew started his career in 2000 working within conveyancing solicitor firms and grew hands-on knowledge of a wide variety of conveyancing challenges and solutions. After helping in excess of 50,000 clients in his career, he uses all this experience within his article writing for SAM, mainstream media and his self published book How to Buy a House Without Killing Anyone.

Caragh is an excellent writer and copy editor of books, news articles and editorials. She has written extensively for SAM for a variety of conveyancing, survey, property law and mortgage-related articles.