You can only purchase your freehold if you live in a house and there may be covenants in your lease that you would still need to comply with even as a freeholder. The said covenants would be to help preserve the value of each of the properties on the estate. Reasonable legal fees may also be payable in the future, if your lease requires a Deed of Covenant in accordance with any disposal of the property. Owning your freehold means you no longer have to pay ground rent, nor do you require consent from a freeholder to extend or sub-let etc. ever again. It also simplifies the legal process should you wish to sell in the future.
If you are interested in purchasing your freehold then please complete and submit this form. Once your request has been submitted we will charge the valuation fee to your account and e-mail you to confirm this. The valuation fee is non refundable as this is taken to cover the costs of calculating your purchase price and liaising with yourself and the Freeholder.
Upon receipt of your valuation fee we will calculate your freehold purchase price and send the information to the e-mail address provided within 14 days. Please note that the offer to purchase the freehold at the price quoted will only be valid for 28 days from the date of the letter. If you wish to proceed at this point then full payment will be required before we will instruct our lawyers. Once the request has been forwarded onto our lawyers it will be between 6-8 weeks before completion.