Buying a freehold to control your future
‘Enfranchisement puts you and your neighbours in control so you have autonomy over management decisions’
Looking for more control over the building you live in? Feel you could do a better job than your management company? Buying a freehold, or ‘enfranchisement’, will put you and your neighbours in the driving seat, letting you make your own management decisions. We can guide you through the whole process.
What is enfranchisement and how do you achieve it?
By owning the freehold you and your neighbours will be able to benefit from improved efficiency and reduced service charges. As leases become shorter there are real advantages to enfranchisement, as you can extend the lease easily and without paying a hefty premium to an external landlord.
We can help you to:
- Decide whether buying a freehold is the right move – and whether it’s an available option
- Understand each stage of the process and the implications of each course of action
- Negotiate the premium payable to your landlord and any other legal terms relating to the purchase
- Meet the strict deadline.
What is enfranchisement? It could be a great way for you and your neighbours to save money and feel more in control. Take a look at our factsheet on enfranchisement to find out more about this option.