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Leasehold/Freehold in Scotland?

Am I right in thinking that leasehold properties aren't the common "thing" in Scotland?

As a FTB the terms leasehold/freehold keeps coming up but they seem to be for English properties. Is there a Scottish equivalent or does it just not exist here, so to speak?

Comments

  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Residential property in Scotland is always 'freehold' (there's another term for it, but essentially...)

    Leasehold doesn't exist, AFAIK.
  • grannybroon
    grannybroon Posts: 2,214 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Years ago in Scotland there used to be feu duty payable on properties. In our case it was payable to the original owner of the land. We bought out our feu in the 70s and no properties in Scotland are now subject to this duty.
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