Mike is the founder and CEO of The Freehold Collective, with the idea originating from his own freehold acquisition. For over 12 years Mike has been working with freehold acquisition projects and has built many useful connections and partnerships that The Freehold Collective uses. Read some more industry expertise by Mike Somekh.
As the introduction of Commonhold looms, experts fear tensions between neighbours will rise – not because the system is inherently flawed, but because it radically enforces the reshaping power, responsibility, and human behaviour within shared buildings. Under leasehold, most disputes are aimed at the landlord or managing agent. Under Commonhold, decision-making shifts sideways, placing neighbours […]
The Freehold Collective is expanding its services with the launch of a multi-disciplinary network designed to achieve better outcomes for leaseholders. The TFC Partnership Network will see solicitors, surveyors, managing agents and other experts coming together within the TFC ecosystem to provide a one-stop shop for collective leasehold and commonhold claims and litigation. Mike Somekh, founder of […]
Whilst they share some similarities, important practical and legal distinctions remain. While the Government and the Law Commission continue their work on reforming the law and extending the use of commonhold as part of the framework for property ownership in England and Wales, for the time being Share of Freehold is the better understood option. […]
Just got a letter saying your landlord is serving up a Section 5 Notice – also known as an offer notice – and wants to sell the freehold on your property? If this is the scenario you’re in, then don’t freak out. This article covers everything you need to know about what your landlord is […]
Commonhold property ownership is an established concept in UK law which offers several advantages to owners of property in relation to current leasehold arrangements. Despite its benefits, it remains significantly underutilized, with fewer than 20 registered commonhold developments currently in the UK. For scale the total number of properties in the area are many times […]
Many flat owners in the UK own their homes on a leasehold basis, often unaware of how much this legal structure can impact long-term security and property value. If your lease term is approaching expiry (or even dipping below critical thresholds like 80 years) it’s crucial to act before your rights narrow and costs rise. […]
When you live in a leasehold property, your home might feel like it’s truly yours; but legally, many decisions about the building’s upkeep aren’t in your hands. One of the biggest grey areas is major works: large-scale repair or improvement projects initiated by the freeholder (or their managing agent) that can lead to substantial service […]
If you’re just at the very start of the process of buying the freehold of a house in a street of homes, or a block of flats, you only need an estimate of the freehold value. You will also want to know the current market value of the freehold, possible purchase price, reversionary value, marriage […]
If you’re buying a flat in England or Wales, you’ve likely come across the term “leasehold”, but what does it really mean for you as a buyer or homeowner? This guide will walk you through the basics of leasehold flats, how they compare to other types of ownership like collective freehold purchase, the key pros […]
One common misconception we see is that people often assume solicitors are the go-to choice for every aspect of property transactions. While a solicitor’s role is essential for legalities, they may not actually be the best option for managing your freehold purchase. In this guide, we’ll answer the all important question “Do I need a […]
