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Freehold purchase

We can assist you in the purchase of your freehold whether the property is a house, maisonette or flat. We can also act for you individually or collectively in a group with other flat owners. If your property is a flat then once you purchase the freehold, you are free to grant yourself a lease extension for free.

Procedure

You can approach your freehold owner informally and try to agree a price.  However, if you are a block of flats then he will have an obligation to offer the freehold to all of the flat owners in the block.

There is also the option to exercise your right to purchase the freehold under Leasehold Reform and Urban Development act 1993.  You can do so whether your property is a house or flat.  Different qualifying criteria and procedures apply for each.  Please contact us for a detailed explanation of the procedures involved in your case.

In any of the above we would recommend that you speak to a specialist valuer for advice on the premium to be paid.  We can help put you in touch with a valuer.

  • You have control of the finances and choices on tradesmen and insurances.
  • You can extend the term of your lease for free!
  • Ground rent can become nil
  • Adding value to your property
  • It takes a long time
  • It can be costly
  • You may have to rely on neighbours co-operating if you are collectively buying
  • There will be work to do to set up a freehold company, accounts, insurances etc. somebody must be happy to take on the administration involved

Fees

Our legal fees will differ depending on your exact circumstances. Please contact us for a full quotation based on your case.

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Leasehold Services

At QualitySolicitors Parkinson Wright, we can help you with a wide range of leasehold services, simply click on the area of law below to find out more.

Commercial Leases

We can assist with any type of commercial property, from factories to shops to offices. We deal with all aspects of Lease transactions, with extensive experience of acting for both Landlords and Tenants.

Formal Lease extensions

We can represent you in formally applying for a lease extension under Leasehold Reform and Urban Development Act 1993, making sure importantly that you qualify and all the correct procedures are followed within the right timescales.

Freehold purchase

We can assist you in the purchase of your freehold whether the property is a house, maisonette or flat. We can also act for you individually or collectively in a group with other flat owners. If your property is a flat then once you purchase the freehold, you are free to grant yourself a lease extension for free.

Informal Lease extensions

Where you have agreed a deal with your landlord direct to extend the term of your lease, or where you own your freehold and want to grant yourself a long lease, we can act on your behalf to prepare the Deed required and successfully register this with the Land Registry for a fixed price. We are experienced in acting for individuals or as a group and can offer good discounts on our fees for group extensions.

Landlord & Tenant Disputes

Our Dispute Resolution Team are able to help you when matters become contested such as in relation to:

What is Leasehold

Leasehold property is more common than you think but it can be complicated so you should have a basic understanding of how it works.

Expert legal advice you can rely on,
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