To 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.

Called a leasehold. Not all property is like this though.

Like, 85% in London though.

About 34% of London is leasehold: https://www.gov.uk/government/statistics/leasehold-dwellings...

Ok, 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.