Join the revolution! Buy your freehold - add value to your property
Join the revolution! Buy your freehold - add value to your property
31st October 2006
If you want to buy your freehold you'll need to be organised, focused and very persevering, writes David Lawrenson.
Getting outside help with buying the freehold can be a real benefit if you are to get anywhere, especially if there are lots of leaseholders to organise.
A small revolution is taking place across the land as more and more leaseholders are taking back ownership of their blocks of flats.
In doing so they are doing away with useless freeholders and also potentially adding large amounts of value to their properties.
The process of buying your freehold is called "collective enfranchisement" and whilst it is now easier, it's still tricky.
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