Residential Leasehold Valuations

Leaseholders may, under recent legislation, extend their lease, or in conjunction with other leaseholders in the building, apply to own the freehold of the building

Extending a Lease

Rights
If you have owned your flat for more than 2 years the chances are that you will be able to extend your lease by 90 years.

Cost
The cost will depend on a number of factors. The price is negotiated with the freeholder. Cases where negotiations fail are referred to the Land Valuation Tribunal. We will be glad to give you an estimate for a valuation.

What Next
Contact us and we will be happy to advise on how to get started and what the likely costs will be.

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Collective Enfranchisement (Buying the freehold)

Rights
Under recent legislation a number of leaseholders can make a joint application to purchase the freehold of their building.

Cost
As for lease extensions the cost will depend on a number of factors. The price is negotiated with the freeholder. Cases where negotiations fail are referred to the Land Valuation Tribunal.

What Next ?
Contact us and we will be glad to advise you further.

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