Buying a Freehold property means you are buying the outright ownership of the property and the land on which it stands, and the entitlement to permanent residency for as long you decide. This is the norm for most of the transactions in the UK. As the ‘Freeholder’, you are entitled to make moderations to the property within restrictions of the law and planning restrictions. You will need permission to make structural changes, particularly with listed buildings (older buildings).