Ways in which you can acquire a share in freehold:
Buying a ‘share of freehold’ property, or buying the freehold of a leasehold flat you already own, is not a decision to be taken lightly. You can:
(1). Ask the landlord to sell you the freehold at any time: If you live in a leasehold flat and the landlord wants to sell the freehold, they usually have to offer you and the other leaseholders the chance to buy it first. This is known as your ‘right of first refusal’.
(2). You might also qualify for the right to buy it. Flats and apartments are often advertised with ‘share of freehold’.
If you are considering buying a share of freehold property, get in touch with us to discuss any issues or concerns or for a quote for the legal work involved firstname.lastname@example.org or call 02071830084