Leasehold Enfranchisement is the collective term given to the rights of flat or house owners to either extend their lease or buy the freehold of their homes. Leases are generally granted for 99 or 125 years but as they get shorter, particularly under 80 years, the value of the flat (or house) will start to fall until it can no longer be mortgaged and then difficult to sell. The law sets out the procedure to enable you to extend your lease by adding 90 years to the existing period unexpired.
Whether you are a leaseholder looking to extend your lease or buy your freehold, or a freeholder faced with a leaseholder's application, we are here to help you through the process and advise you on the best route to saving money and getting best value. We can help you to understand the process, calculate the premium payable, negotiate with the freeholder or leaseholders, and liaise with your solicitor.
The process of extending your lease or buying your freehold involves calculating several sets of values to arrive at the level of premium that should be payable to the freeholder. The team has 6 valuers registered with the Leasehold Advisory Service who are also members of the Association of Leasehold Enfranchisement Practitioners (ALEP). Our dedicated team of surveyors advise both landlords and occupiers ensuring all our clients get the most from their lease agreement.
• Freeholder/Leaseholder Negotiations
• First-tier Tribunal Representation
• Legal Advisor Liaison