You are here: Lease Enfranchisement: Find Experts to help a Purchase
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Email: enquiries@localsurveyorsdirect.co.uk
Phone: 0800 0147 453
Filling in the short form below will instantly give you a set of contact details for people who can help you with advice on lease enfranchisement so that you can investigate the possiblity of purchasing the freehold of your leased property. You will be provided with their contact details, all within less than a second and you will then be able to contact them directly to discuss your situation in more detail.
Filling in the short form above will instantly give you a set of contact details for people who can help you with advice on lease enfranchisement so that you can investigate the possiblity of purchasing the freehold of your leased property. You will be provided with their contact details, all within less than a second and you will then be able to contact them directly to discuss your situation in more detail.
What is lease enfranchisement?
Enfranchisement is the right to purchase the freehold of your leased property. The right of long leaseholders to buy their landlord’s interest outright or acquire an extended lease term, is unique to England and Wales. If your leased property is a house, lease enfranchisement is an individual right to purchase the freehold of that house. If your leased property is a flat, the right is to buy the freehold together with the leaseholders of the other flats. This is called ‘collective enfranchisement’ and the result is that you will own a share of the freehold together with the other leaseholders.
Why would I want to purchase the freehold of my leased property?
If you purchase the freehold you will own your home and this could increase the value of your property and give you more control over its management, including repairs and alterations.
Do I qualify for lease enfranchisement?
To qualify for lease enfranchisement you must be a qualifying tenant and your property must be a qualifying building. To be a qualifying tenant you must have a long lease of your property (typically one that exceeded 21 years when originally granted). If your leased property is a house, your lease must cover the entire house and you must have held it for the last 2 years. If your leased property is a flat, the building must contain 2 or more flats, at least two thirds of the flats must be occupied by qualifying tenants and no more than 25% of the building being used for non-residential purposes.
The detailed conditions for qualification, as well some important exclusions and procedural requirements are set out in law. The relevant legislation is extremely complex and lengthy and it is advisable to seek professional advice before starting the process.
For more information, please see the website: http://www.legislation.gov.uk/ukpga/1967/88
Do you provide Lease Enfranchisement services?
If you provide Lease Enfranchisement services and you would like to be listed on the website, simply complete the registration form and we will arrange a trial for you.
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Email: enquiries@localsurveyorsdirect.co.uk
Phone: 0800 0147 453