Purchasing your Freehold, or Enfranchisement as it is known, is
the process of where you and a group of leaseholders in your block,
purchase the Freehold from the current Landlord.
This can be more expensive than aquiring a right to manage on
your block, however, you will have the benifit of no longer having
to pay ground rent and may well increase the value of your
property. Your will also be able to appoint your own block
management company with homeowners and shareholders taking
back control of your block.
The process must follow the required legal steps and you will
need to hire a Surveyor to value the Freehold and a Solicitor to
deal with the legal issues which surround it. This may sound rather
daunting, however, at Vision, we aim to make this process as easy
as possible with our team of Surveyors and Solicitors. We are able
to guide you through the steps and manage the whole process for
you.
Why not contact us to
find out more?