Freehold – a type of property ownership which is superior to all others because it has no limitations. A freehold title can be bought and sold. The owner of the title is registered at the Land Registry.
Leasehold – a type of property ownership which is granted by the owner of the freehold for a specific term, the terms being set out in a lease. Like the freehold, this is also a title which can be bought and sold, and the owner of the leasehold title is registered at the Land Registry.