Freehold Purchase

  1. There is a defined process for bringing the matter to a conclusion via the strict timetable as set out in the legislation.
  2. The valuation date is fixed at the date when the notice is served.
  3. If you are unable to agree terms, you have recourse to an independent arbitration process and have the option of taking the matter to a tribunal, whose decisions are binding.
Services Freehold Purchase

  1. Professional fees (e.g. for legal and surveyors’ advice) payable as part of the process are typically lower.
  2. The process may provide you with a faster resolution.
Services Freehold Purchase

This is a legal transaction between a leaseholder (the buyer) and a freeholder (the seller) that is similar in some ways to the conveyancing process when you bought your leasehold property. As it is a contractual arrangement, we recommend that you obtain independent professional advice (such as legal and/or valuation advice), as you did when you acquired your leasehold.

The information within the FAQs should give an overview of the options. If you need more information you can contact us at fhsandlex@homegroundonline.com or through the online contact form, and our team will try to help you further.