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.
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 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 […]
Freehold acquisition allows leaseholders to gain full ownership of their building and land, offering greater control over property management, costs, and long-term value. This guide explains the process, benefits, and responsibilities involved in collective freehold acquisition for leaseholders, helping leaseholders make informed decisions about their property. What is Freehold Acquisition For Leaseholders? Collective freehold acquisition […]
If you’re a leaseholder in a flat, understanding your rights under Section 20 of the Landlord and Tenant Act 1985 is key, especially when it comes to costly building maintenance. Section 20 sets out legal consultation requirements that landlords must follow before carrying out major works. These rules are in place to protect leaseholders from […]
The powers and rights of freeholders and leaseholders living in leasehold flats are currently not equally balanced. While freeholders have a right to carry out major repairs to the building, or to make changes to communal areas such as staircases or gardens, or to increase the amount of ground rent leaseholders have to pay, leaseholders […]
With all the talk around Freehold and Leasehold Reform throughout 2024, you might be wondering if freehold purchase legislation has changed or is changing. Fret not, we’re on top of it. We’re always keeping an eye on and contributing to the state of freehold purchase law in the UK, because that’s what we do – […]
If you’re a flat leaseholder looking for a lease extension, there’s one question that’s probably on your mind: can your landlord refuse to extend your lease? In this article, we’ll answer that question and dive into more details about when your freeholder can refuse lease extensions and when they are required by law to grant […]
Leaseholders have a bunch of rights and responsibilities when it comes to their leasehold property. These are set out in the lease agreement and by law – and they can make a real difference to how you enjoy your home and deal with the issues that come up. Here’s the lowdown on the key rights […]
