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 […]
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.
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.
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.
At first glance, ground rent and service charges can be intimidating and confusing to try to navigate. But we’re here to share a little expertise to help you better understand what these are, how they work, and how to use them for your benefit.
As a leasehold property owner, you may be wondering if it is worth buying the freehold of your flat. After all, owning the freehold gives you a greater sense of security and control over your property.
For property investors and property managers it is fundamental to understand the difference between a Leaseholder and a Freeholder. A Freeholder is the full owner of the land and property for whom there is no limited period of ownership. A Leaseholder has the right to occupy a property for a fixed term or under a […]
Understanding the deferment rate is crucial for flat owners and landlords navigating lease extensions and freehold acquisitions. This rate, a key component in determining the premium payable, can significantly affect financial outcomes. As the residential property market undergoes shifts, stakeholders must stay informed about potential changes to the deferment rate, which may soon be reviewed.
Service charges can be a contentious subject, especially if leaseholders aren’t aware of their legal rights. So, understanding what they must do, and what protection they have, in the face of paying service charges, is important for all tenants.
When you first approach buying the freehold, it can seem complex. Many leaseholders who wish to purchase their freehold often wonder where they should start, and do not have the complete picture of exactly what’s involved at each stage of the process.
