Buying your freehold
As the owner of a leasehold property you may be able to purchase the freehold to your property, if certain criteria are met.
Purchasing the freehold to your property can offer a number of benefits including:
- no longer having to pay ground rent to a landlord
- giving you more control over what you can do with the property
Leases vary widely, but many include restrictive clauses which mean that if you want to carry out a variety of alterations, from minor things such as installing a satellite dish to bigger alterations such as building an extension, you may need to get the landlords written consent, usually incurring a consent fee.
Owners of flats can also, under certain circumstances, get together to buy the freehold of their building. This process is known as collective enfranchisement.
Norrie Waite and Slater solicitors can handle all the legal aspects of buying your freehold. For more information, or for an estimate of costs, contact us and speak to one of our experienced property specialists.
Norrie Waite & Slater has secured membership to the Law Society's Conveyancing Quality Scheme - the mark of excellence for the home buying process.
We underwent rigorous assessment by the Law Society in order to secure CQS status, which marks the firm out as meeting high standards in the residential conveyancing process.