Buying Your Freehold
Flat owners are entitled to collectively purchase their own freehold; this is called enfranchisement. Buying your own freehold overcomes issues of a short lease term on your existing leases. For those flat owners with less than 85 years remaining on their lease this is very important, however, there are a number of other distinct advantages to consider:
Buying your freehold not only increases the value of your flat but means you can exercise real control over your property. After enfranchising, for instance, the choice of how best to insure, manage and maintain your property rests in your own hands. A freehold purchase could also in some cases allow flat owners to enjoy new rights over roof spaces, half landings or external areas and eliminates landlord disputes.
If you are interested in buying your freehold we can offer you clear and professional specialist advice contact our leasehold advice department for a free preliminary consultation on: 01273 20 19 88 or please use the form on this page and we will respond within 24 hours.