Side by side
| Factor | Freehold | Leasehold |
|---|---|---|
| Extra documents | Few | Lease, TA7 form, management pack |
| Extra cost to seller | None typical | Management pack fee, often a few hundred pounds |
| Lease length | Not applicable | Under about 80 years can reduce price and mortgage options |
| Typical timescale | Standard | Often longer, waiting on the managing agent |
Figures are typical UK ranges, not quotes. Always check the contract you are offered.
When each one wins
Prepare a freehold sale
- Gather building regs and guarantees
- Check boundaries and rights of way
Prepare a leasehold sale
- Order the management pack the day you list
- Check years left on the lease and consider extending
Our take
If your lease is approaching 80 years, get advice on extending before you sell. Below that point, extensions usually get more expensive and some buyers' lenders become cautious.
Questions sellers ask
Can I start a lease extension and pass it to the buyer?
Often yes. A formal claim can usually be assigned to the buyer on completion. Ask your conveyancer.
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