When buying a flat you’re doing much more than just choosing a property to live in. You are purchasing into a property ownership that has significant implications regarding your expenses, legal rights, and long term safety. Finding out whether the property you are purchasing is share of freehold or leasehold before placing an offer, remortgaging, […]
Think of the difference between waiting many months for your permission for an essential roof repair, and making the decision to act (and pay for the repairs, building maintenance and improvement) yourselves. This is what leasehold property owners in London and across the UK now enjoy by joining with others to collectively buy their freehold. […]
You try to wrap your head around the idea of owning a freehold flat on the first floor – only to find yourself puzzled and unsure. It’s a pretty odd scenario, even for someone well-versed in property ownership. And you’re not alone – loads of people have the same question! Lenders can be a bit […]
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 […]
