You will need a professional local surveyor or specialist valuer to give you an accurate idea of how much will be your premium should you want to buy your block's freehold. You will also need to get a professional valuation if you are looking to extend the lease for your flat.
You can get an approximate idea of the cost of this premium by using crude online calculators. However, a surveyor will be happy to give you a ball park figure for this premium usually. As importantly, you need to know all the other costs involved in buying your share of freehold or extending your lease. You will need to pay your own and the freeholder's legal fees. Plus, you may want to use a project management firm.
ALEP members are all specialist in leasehold enfranchisement. They are vetted and experienced. This means you are in safe hands. If you choose to use a local surveyor or solicitor without the specialist experience then you run the risk of delays and additional expense.
Use the box below now to get feedback from local specialists. Ideally, you should let them know:
- your ground rent
- approximate market value of your property
- inexpired term of the lease (or the year the lease was created and how long it is)
