Home "Ownership"

[G7ivp]

I have just read "All shared ownership homes (houses and flats) are leasehold properties." on: https://www.gov.uk/shared-ownership-scheme.

Does this mean that the freehold is never transferred to the buyer even after, if, they purchase 100% of the property and cease to pay rent?

[dslippy]

Freeholds and apartments in blocks really do not mix. English law manages with a freeholder holding the ring as between leaseholders. It can be a complex story (commonholds), but freeholds above one another do not work.

[G7ivp]

Freeholds and apartments in blocks really do not mix. English law manages with a freeholder holding the ring as between leaseholders. It can be a complex story (commonholds), but freeholds above one another do not work.

I'm sorry but how does that address my question?

I know several people who bought a shares in Housing Association houses, not apartments, and were under the impression that if they "staircased" their way to owning 100% of the property that they would own it completely; which to my mind means the Freehold as well.

[dslippy]

They bought all the leasehold interest if it was an aparttment. They may have bought the freehold if it was a house.

[des8]

That website you linked to, also confusingly states:"Most flats are leasehold. Houses can be leasehold too and usually are if they’re bought through a shared ownership scheme."

The inference is that some properties may be leasehold, and others freehold.