Owning a leasehold interest in your home is simply a long tenancy. The lease is usually set at 99 years. When the lease time runs out, you have the right to extend your lease, please read the Leaseholder FAQs for more information.
As a leaseholder, you will own everything within your home. Your landlord will continue to own the external structure, communal areas and the land the property stands on.
All leaseholders will receive an annual charge. These charges will vary dependent on the type of property you own but will include buildings insurance, ground rent and a management fee.
It is your responsibility to make the payments for service charges and major works.
To find out how you can pay your service charges and other charges, check out the payments page.