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Mike Somekh

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.

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Enfranchisement

Key Collective Enfranchisement Regulations To Know

May 14, 2024 Mike Somekh

Understanding the ins and outs of collective enfranchisement regulations can be a game-changer for leaseholders looking to take control of their property. 

A photo of a white-facaded apartment building
Purchase Your Freehold Tips

What Does Buying a Freehold Actually Mean?

April 24, 2024 Mike Somekh

Understanding the distinction between freehold and leasehold is crucial. Freehold ownership signifies absolute ownership of both the property and the land it sits on, offering various benefits and responsibilities. However, there’s also an option to collectively purchase the freehold, known as share of freehold, which presents its own set of advantages and considerations. 

Hands holding house and money
Enfranchisement

Your Complete Guide To Collective Enfranchisement Costs

April 24, 2024 Mike Somekh

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. 

A photo of a spanish-type apartment building
Purchase Your Freehold Tips

6 Steps of the Collective Freehold Purchase Process

January 29, 2024 Mike Somekh

A collective freehold purchase, also known as collective enfranchisement, is a process where leaseholders within a building collectively acquire the freehold, gaining increased control over the management and maintenance of their property.

Houses on street
Leasehold Reform

Leasehold Reform in 2024: Evolution or Revolution?

January 10, 2024 Mike Somekh

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?

King Charles III
News, Purchase Your Freehold Tips

The King’s Speech and the Leasehold & Freehold Reform Bill

November 7, 2023 Mike Somekh

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.

The gala dinner and awards
News

A double win for The Freehold Collective at the 2023 ERMAs

August 8, 2023 Mike Somekh

The Freehold Collective, a partnership dedicated to helping leaseholders acquire the Freehold of their building, has been awarded, for the second year running, Project Manager of the Year at the 2023 ERMAs, whilst Senior Account Manager John Henderson was Highly Commended in the Professional of the Year category.

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Lease Extension

Lease Extensions Explained: The Step-By-Step Guide

April 28, 2023 Mike Somekh

If you have a leasehold property and need to extend your existing lease, but aren’t sure how, you’re in the right place.

the view from the rooftop storey
Purchase Your Freehold Tips

Permitted Development Rights For Flats & Roof Space

March 29, 2023 Mike Somekh

Are you a leaseholder who has recently received a notification from the local council of a proposed development of new flats on your roof? If so, this guide is for you.

High rise flats
Purchase Your Freehold Tips

Freehold vs Share of Freehold: Meaning & Differences

March 9, 2023 Mike Somekh

Understanding the difference between freehold and share of freehold is crucial — especially if you’re buying a flat, extend your lease, or navigating ownership responsibilities with other residents. 

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