The King’s speech promises sweeping reforms to the 400 year old home-ownership landscape for future generations, but what does all this really mean for ordinary home owners today – and should they really put their freehold purchase plans on hold?
Your Guide To Freehold Purchase Solicitors & Fees
Buying a freehold property is a big deal, and understanding solicitor fees is a crucial part of the process. These fees are way more than just a bunch of numbers on an invoice – they’re the cost of making sure everything is above board, your interests are protected, and the whole thing runs smoothly.
What is Collective Enfranchisement? Your Guide
Collective Enfranchisement: a term that may sound daunting, yet holds the key to an empowering process in property ownership.
Can a Freeholder Increase Ground Rent?
Ground rent is a term familiar to many leaseholders, yet its implications can often be unclear. Understanding ground rent, especially regarding increases, is crucial for leaseholders. This article aims to clarify whether a freeholder can increase ground rent, examining legal, contractual, and practical aspects.
Key Collective Enfranchisement Rules & Regulations To Know
For many leaseholders collective enfranchisement is the route to taking ownership of their homes but how does it work? It is clearly an important issue and we shall do a series of posts to help explain what is required and the key steps involved.
What Does Buying a Freehold Actually Mean?
Understand the big difference between freehold and leasehold – and why it matters. Freehold ownership means you own the property and the land it sits on, lock stock and barrel. That comes with its own set of perks and downsides, but there’s also an alternative to consider: buying the freehold, or share of freehold, which […]
Your Complete Guide To Collective Enfranchisement Costs
Collective enfranchisement is a concept that empowers leaseholders to take control of their living spaces by collectively purchasing the freehold of their building. This process not only grants leaseholders greater control over their homes but also offers various financial benefits and increased property value. It’s important to consider the freehold cost, which can vary widely […]
6 Steps of the Collective Freehold Purchase Process
A collective freehold purchase is a way for leaseholders in a single building to work together to buy the freehold – giving them overall ownership of the property and land it sits on. This is often known as collective enfranchisement. It’s a process governed by law and involves several key steps that need to be […]
Leasehold Reform in 2024: Evolution or Revolution?
In January 2021, the UK Government issued a press release trumpeting the “biggest reforms to English property law for 40 years”. However, will leaseholders really see any benefits? If so, to what extent and when?
The King’s Speech and the Leasehold & Freehold Reform Bill
Breaking News: The King’s Speech featured a brief snippet on Leasehold Reform. We look at the implications and what leaseholders might be able to expect.