Buying your freehold

We aim to respond within 10 working days but there may be a slight delay. Be assured we are processing all applications and will respond as soon as possible.

By law, leaseholders who own flats in the same building can join together to buy the freehold. The legal term for this process is 'collective enfranchisement'.

The benefits of buying the freehold are:

• you'll become the landlord and decide how to manage the building, for example how and when you carry out repairs to the building
• there's no need to worry about your lease term reducing and extension costs
• often people looking to buy a leasehold property consider it more desirable to have more control over how the building is run
• the property usually increases in value when you own part or all of the freehold

You'll be taking on:

• building insurance
• planning structural repairs and maintenance
• if you own 100% of the freehold you'll provide leasehold services for any leaseholders, like structural repairs and maintenance, service charge billing and collection
• joint responsibility for these tasks if you share the freehold with any neighbours

We recommend you take professional advice to find out if acquiring the freehold is possible. 

Costs

Charges include:

• a £362 administration fee to process the application
• if agreed, legal and valuation fees will apply

See our guidance on buying the freehold of your building.