Buying a freehold

My freeholder wants to sell the freehold
Book your freehold quote below

Please contact our team to discuss a quotation tailored to your needs

Freeholder wants to sell the Freehold

The Landlord and Tenant Act 1987, as amended by the Housing Act 1996 provides “The Right of First Refusal”. This states, by law, that the freeholders must offer the freehold to the leaseholder before offering it on the open market.

The freeholder must serve the leaseholders with a Section 5 notice and provide time for them to consider the offer. The freeholder can not sell to another party in that time, not offer the freehold for less than proposed in the notice.

lease extension process – learn more

What is the Enfranchisement process?

  1. Instruct a solicitor to draw up a participation agreement.
  2. Instruct a surveyor to carry out a valuation.
  3. Instruct a solicitor to serve a Section 42 notice.
  4. The freeholder has a maximum of 2 months to respond with a Section 42 notice.
  5. Instruct a surveyor to negotiate a fair and reasonable premium.
  6. If a premium is not agreed before 6 months has passed from the Section 42 Notice, this is the latest an application to the First Tier Tribunal can be made.
  7. Solicitors agree terms of the new lease.
  8. Upon agreement of the terms, there is 4 months to complete the process.

Under the Leasehold Reform, Housing and Urban Development Act 1993 qualifying leaseholders are entitled to purchase the freehold as long as there are 50% or more qualifying tenants participating in the enfranchisement claim. The original lease must be in excess of 21 years. Read More...

To discuss the process in greater detail and receive a quote, contact one of our experts.

You may also be interested in

Dream Home or Worst Nightmare?

Buying your new home can quickly become your worst nightmare. A home survey will help you realise your dream and help you buy with confidence. Find out more about the importance of a home survey here

The Importance of a Home Survey

Watch the Video

4.6 Average rating on Google
Here's what our customers say

CLARE MCSHANE

Professional, efficient surveyors. Get the job done in a timely manner, had our survey back within 5 days of inspection. All team members I spoke with (Tiffany and Billy) were really lovely. Highly recommend. :)

RICARDO OLIVEIRA

I have only just started working with Stephen and he has already demonstrated the high levels of customer attention and dedication that this company has. The first impression he has caused is such that made me write this review. I have no doubt that the continuous service will be of same level. Looking forward to working further with Stephen. Well done!

Steve Kenny

Lease extension - I found Daniel Grove very professional and had an excellent understanding of all aspects relating to this transaction. Advice was invaluable, and it was nice to come across someone who did exactly what they said they were going to do. Would not hesitate in recommending the firm and Daniel to anyone who has a lease to extend.

Petros Kyrkilis

Amazing job and fully professional treatment. The surveyor went above and beyond to check for everything, when he could have easily claim lack of access. In addition he was more than happy to answer questions over the phone and be there to explain the steps.

Lynn Wilson

Within 48 hours I received my detailed report from Joe Arnold which enabled me to see the property as it was and not through rose-tinted glasses! The report highlighted areas where money might need to be spent and provided guidance on questions for my solicitor - just what I needed. Overall, the survey enabled me to re-assess my offer and in this respect was invaluable. Thank you for a friendly and professional service.

Mark Roberts

100% choose this company. As first time buyers we had a mortgage valuation which said the house was fine. The Arnold & Baldwin survey found over £30,000 of problems. Holes in the roof with daylight visible, damp, woodworm, broken sash windows and poor electrics. This company helped us renegotiate and save a fortune.

Joebun

Arnold & Baldwin came recommended and I’ve got to say they were brilliant - not just in identifying issues with the property I was looking at but in the way they kept me informed and up to date (ie picking up the phone instead of just posting / emailing communications with you). After dealing with estate agents for so long, it’s nice to have someone who is genuinely on your side.

Kamal Rahman

From my initial interaction with the firm I found them to be prompt, courteous and helpful. I received a detailed Homebuyers report within a week of instructing and was given the opportunity to talk it through with the attending surveyour. Overall excellent service all round, would certainly recommend this firm.

Sign up for monthly Property Insights

Follow Us