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> but I think that, in the UK, you don’t actually own the land your house sits on; Lord Such-and-Such owns it, and collects rent from you. I've never heard thi
by LMYahooTFY 4y ago
> but I think that, in the UK, you don’t actually own the land your house sits on; Lord Such-and-Such owns it, and collects rent from you.
I've never heard this before. Is this actually true? Is this some background technical legal truth that isn't noticed in practice?
- chrisseaton 4y agoCalled a leasehold. Not all property is like this though.
- pydry 4y agoLike, 85% in London though.
- rowanajmarshall 4y agoAbout 34% of London is leasehold: https://www.gov.uk/government/statistics/leasehold-dwellings-2019-to-2020/leasehold-dwellings-2019-to-2020 https://www.gov.uk/government/statistics/leasehold-dwellings...
- pydry 4y agoOk, maybe I should have specified "under £650k within zones 1, 2 and 3". I'm sure Roman Abramovich's mansion is freehold as are all those semidetached houses on the outskirts with a 55 minute commute to the centre.
- Cederfjard 4y agoTo be clear, anyone can own the freehold that you’re leasing the property from. The mention of ”Lord Such-and-Such” could give you the idea that this is some antiquated construct where all lands are somehow truly owned by the nobility, but that’s not how it is.