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I have a leasehold flat that I own, which is one of four flats in a converted Victorian building.
Flats 1 and 2, recently extended their leases for another 99 years.
Flats 3 and 4 (mine), have 75 years remaining and need to get the lease extended.
The owner of flat 3 has instructed a solicitor to commence her lease extension, but when I found out about this, I contacted her about buying the freehold together and she is interested in this.
The freeholder and management company have been a nightmare since I purchased (BTL) this property and they clearly have no interest in this property, except when the fees are due!
Can somebody please advice what the next steps are to take, in order to buy the freehold from the freeholder?
Any comments or experiences will be appreciated...
Traditional / Sophisticated / Developer
The Leasehold Advisory Service should probably be your first port of call for some background reading and step-by-step explanation. Look for information on Collective Enfranchisement and initially check that you would qualify.
Just an anonymous opinion on the Internet.
thanks for for the link, I will check this out.
I'm concerned about the below:
'No right for leaseholders to buy the freehold if the building is:
My flat is 1 of 4 in a Victorian house, that was converted into four flats in 1990.
Does the above statement mean I (we) have no right to buy the freehold?
Hi,You may find this video by our legal partner Anthony Gold Solicitors helpful as it explains the process:Ian Mitchell, the AGL partner in the video, would be delighted to assist you, and you can contact him on ian.mitchell (at) anthonygold.co.uk .
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Thanks for the video and the contact, I will be contacting Ian first thing in the morning!
You clearly need a lease extension and option of acquiring the freehold interest should also be considered. If you provide you email me the following information i will provide you would complementary guidance on both processes
- the approximate value of all 3 flats ?
- Who your freeholder is ?
- the full address of the building ?
Please email me at firstname.lastname@example.org
Thank you for your message.
I will make contact in the morning with the relevant information.