FOR LEASEHOLDERS
FOR LEASEHOLDERS
Freehold Enfranchisement
(Flats)
When considering collective enfranchisement, it is important to consider a number of factors including the purpose of enfranchising, qualification, anticipated participation levels and not least the value or cost of enfranchising!
Our highly experienced team of RICS Registered valuers can answer many of the initial questions that get posed by leaseholders in a helpful and no obligation way and provide competitive and transparent fee quotations for valuation and negotiation services. We are also able to recommend a number of firms of solicitors suited to the type of property.
We have offices across Southern England, London and the East Midlands and are able to act across the whole of the UK.
Contact us today if you are considering buying the freehold interest in your block of flats.
purchasing the freehold interest
Considering Collective Enfranchisement?
If you are considering collective enfranchisement, please give us a call for a free initial consultation as enfranchisement valuations need to be considered on a case by case basis. When it comes to collective enfranchisement, it is always advisable to consider not just the circumstances relating to the property but the motivation to enfranchise as the Right to Manage (RTM) can be a viable alternative option to achieve the desired goal. Furthermore, where the leases are less than 80 years, it is particularly important to establish the level of leaseholder participation as this will affect the overall price for the collective enfranchisement.
Our reports are tailored to cover a range of possible participant and non-participant levels as we appreciate this can be something of a “moving target” during the initial stages of consideration of the viability.
Our valuations are comprehensive usually involving inspection of the property and a representative number of flats, calculation of gross internal floor areas, researching reversionary and short lease values and providing premium valuations on multiple variables including low opening offers to be inserted in any Section 13 Notice that your solicitor serves on the freeholder.
Chroma Surveyors can provide comprehensive valuation advice whether for a multi-million pound period building in Prime Central London, a small provincial conversion or large purpose built blocks.
Find out how we can help you in acquiring the freehold interest.