Leasehold or Freehold?
After reading our Right to Acquire section of the website – your next step is understanding if your property can be purchased Freehold or Leasehold.
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Freehold
If you purchase a house under the Right to Acquire, you will be purchasing the FREEHOLD of the property. This means you will buy the structure of the property and the garden areas around your house and you will be solely responsible for any repairs and maintenance to this area.
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Leasehold
If you purchase a flat under the Right to Acquire Scheme, you will be purchasing the LEASEHOLD of the property. This will mean that One Vision Housing will retain an interest in the property and you will be liable for annual service charge payments for the duration of the lease. Please refer to the leaseholder living section of this website for further details.