Trusted property advice since 1789
Living in a property which is subject to a lease may be expensive. Owners often have to pay ground rent and a service charge on top of other outgoings such as insurance and mortgage repayments. For these reasons, many owners seek to purchase the freehold as soon as they are eligible to do so.
In 2021, the UK government brought in reforms which made it easier and cheaper for leaseholders to buy the freehold to their homes. Generally speaking, you are eligible to purchase the freehold to your property if it has been subject to a lease for over 21 years and if you have owned the leasehold for at least 2 years.
Our experienced team can guide you through the process of purchasing your property’s leasehold. Explaining everything you need to know in straightforward terms, from eligibility rules to costs, ongoing administration, fellow resident engagement and your options should the freeholder decline your offer.
Talk to our expert team to discuss your options regarding leasehold enfranchisement.
If your lease has fewer than 80 years remaining, it’s worth seeking legal advice on attaining an extension. Although it may seem like plenty of time, a lease with fewer than 80 years left can be off-putting to prospective buyers or mortgage lenders.
The lease extension process can be complex. Our expert lease extension solicitors can help you smoothly navigate the process, advising on whether it’s best to extend your lease via voluntary or statutory means, the costs of extending your lease and what to do about ground rent. If your landlord declines your lease extension application or becomes obtuse, our experts can advise on tribunal applications. Get in touch for more information regarding the legalities and likely costs of lease extensions.
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