Since 1987 owners of qualifying flat leases of residential blocks have had the right to be given first refusal if their landlord wishes to sell the freehold or a head lease of their building.
More than half of qualifying flat owners have to get together and confirm formally to the landlord that they want to buy the freehold but once this has been done the landlord cannot sell to anyone else for 12 months.
This process can be cheaper than initiating a freehold purchase as the landlord can only make the flat owners pay his/her costs in limited circumstances. But, you must check that the price that your landlord wants you to pay is appropriate and our experienced valuer contacts can help you do just that.
Our experienced solicitors will help you at each stage of the process including checking that there are no issues with the freehold that will cause you problems in the future.
Once you have bought the freehold, we can help you extend the length of your leases and correct any defects in your existing leases. We can also advise on management issues such as service charges and insurance and help you to ensure that you comply with all of your statutory obligations. To find out more please contact us on 01279 755777 or fill in our online enquiry form.