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Frequently Asked Questions
- I own a leasehold house. How much will the freehold cost?
- I want to extend my lease. Are there any additional costs payable other than the price of the lease extension?
- How can I buy the freehold of my building?
- How long can I extend my lease for?
- Why do I have to extend my lease?
- I own a leasehold house. How do I buy the freehold?
- What will it cost to apply to the Leasehold Valuation Tribunal (LVT)?
- What happens if we cannot agree on how much the lease extension should cost?
User FAQs
I am about to purchase a leasehold flat. What would happen if the company which owned the freehold went into administration? Would I lose my home?
Your position as a leaseholder will not be affected but it could cause practical difficulties with management of the building and enforcement of covenants within the lease. In order to ensure that the building continues to be properly managed you could consider the right to manage (RTM), appointment of a manager or buying the freehold.
More information you might find useful:
- Right to Manage
- Collective Enfranchisement - Getting Started
- Application to the Leasehold Valuation Tribunal
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