Leasehold enfranchisement is a complex process which needs to be managed by solicitors and surveyors. However we have broken the whole thing down into 13 simple steps.
If you fulfil certain statutory criteria, you are legally entitled to compel your landlord to sell you the freehold of your building. The requirements which must be fulfilled are…
A participation agreement is a binding arrangement that sets out how the freehold purchase costs will be allocated. It also helps protect your interests during the process.
In this article we explain the difference between freehold and leasehold properties, as well as outlining the pros and cons of each and defining the term ‘lease extension’.
In this article we summarise the costs and benefits of extending your lease, as well as outlining the stages in the process and introducing the concept of marriage value.
There are several benefits of extending your lease. These include increasing the market value of your flat and making your flat more appealing to buyers and lenders.
The cost of a lease extension depends on various complex factors. We therefore like to break the cost of extending your lease down into five simple stages.
In this series of articles, we summarise the lease extension process and link you through to our full explanations for each stage of this complex process.
There are several pros and cons to both statutory and non-statutory lease extensions. The route you choose very much depends on your personal circumstances.
The eligibility criteria for a statutory lease extension are that you have been the owner of a long lease (one originally granted for 21 years or more) for at least two years.