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 […]
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 […]
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 […]
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 – […]
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 […]
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.
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.
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 […]
