ScotProperty.com

LAFRA - Leasehold and Freehold Reform Act

LAFRA is beginning to generate a lot of discussion in all parts of the industry, and support for it seems to be turning to opposition from what I am seeing. Some of the reasons are justified.

Freehold or Leasehold what do they mean?

Wherever purchasing a property in the UK it will usually be on a Leasehold or Freehold basis. It may even be a Leasehold with a share of the Freehold. What does this all mean for the purchaser? Let's find out.