Freehold Purchase (also known as Collective Enfranchisement) is the legal right for leaseholders to group together to purchase the Freehold of a building.
Although this process is more complex than extending your lease it may be suitable for you to consider this option if your Freeholder is responsible for repairs and maintenance at the property but not performing their duties.
There are a number of complex rules set out to decide if you are legally entitled to purchase the freehold. A Prime Valuation Specialist will be delighted to explain this service to you during your initial free consultation and give you an indication of the likely costs.
We can also introduce you to a solicitor with expertise in this field to guide you through the legal aspects of this process, or work with your solicitor throughout the process.
Please note that if you own a leasehold house you are likely to have the legal right to buy the freehold of your property and we will be able to assist you in this process.
If your solicitor writes to you to offer the 'Right of First Refusal' to buy the freehold we can explain your rights and discuss the options available to you.