NZ 1st homebuyers are ScReWeD...

[Bjauck]

I don't have a problem whatsoever for using the term... everyone understands what I mean even you...!


What is the meaning of freehold property?

: Freehold property can be defined as any estate which is "free from hold" of any entity besides the owner. Hence, the owner of such an estate enjoys free ownership for perpetuity and can use the land for any purposes however in accordance with the local regulations

. As FP said, When you use the term freehold do you mean mortgage-free or an unencumbered freehold property? I know it is a term that can cause confusion. The owner of freehold title is free to encumber it (in exchange for a loan.)