A group of leaseholders can force their freeholder to sell the freehold title of their building to them, as long as they can meet certain criteria. This is known as enfranchisement and, usually, it removes your existing freeholder’s involvement and allows you to manage your own building.
This also enhances the value of your flats by extending the lease of each flat to 999 years. This protects your investment and ensures the flat’s saleability for the future.
We can put you in contact with a specialist valuer in your local area to advise on how much the freehold is likely to cost. Then you and your neighbours can decide whether enfranchisement is a viable option for you.
If an enfranchisement is not possible, we can assist you as individual leaseholders in protecting your investments by instead obtaining Lease Extensions. We have a team of experienced professionals with expertise in enfranchisements and lease extensions. We would be happy to help with questions on your specific property.
Our bright team of specialists is experienced in dealing with the enfranchisement process from start to finish.