With all the talk around Freehold and Leasehold Reform throughout 2024, it can be hard to understand if any freehold purchase legislation has changed or is changing. That’s where we can help. We’re regularly checking in with and contributing to the state of freehold purchase law in the UK, as helping leaseholders buy their freeholds […]
If you and your fellow leaseholders are thinking about buying the freehold for your building, getting a professional valuation is a crucial step. But where do you start? Don’t worry – we’re here to guide you through it. In this article, we’ll break down the key steps involved in getting a freehold enfranchisement valuation, so […]
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 them. […]
Leaseholders have a number of specific rights and obligations that govern how they can enjoy and maintain their leasehold property. In this article, we’ll explore some of the key leaseholder rights and responsibilities, so you know what to expect from your leasehold.
As of 2024, key property statistics reveal shifts in demand for freehold homes, largely driven by changing legislation around leasehold properties, as well as a push toward greater transparency in property dealings. For buyers, these statistics offer valuable insights into market trends, helping them make informed decisions about property types. For sellers and investors, understanding […]
Ground rent is a periodic payment made by leaseholders to the freeholder as part of their lease agreement. While many ground rents are manageable, some can be considered “onerous” due to being excessive, having frequent increases, or complex terms that create financial strain for leaseholders. Understanding onerous ground rent is vital for property owners and […]
Collective enfranchisement involves various legal and financial challenges, making it a daunting process for many leaseholders without the right guidance. One potentially significant cost involved is the Stamp Duty Land Tax (SDLT), which is payable on property transactions in the UK. This tax can add a considerable amount to the overall cost of buying a […]
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?
When purchasing a freehold property, one of the key elements to grasp is the cost and structure of solicitor fees. These fees are more than just numbers on an invoice, they represent the cost of ensuring legal compliance, safeguarding your interests, and facilitating a smooth transaction.
Collective Enfranchisement: a term that may sound daunting, yet holds the key to an empowering process in property ownership.
