Own a leasehold flat? Planning alterations? You could need the landlord’s consent

Posted on 27/01/2023 by kiteadmin

Solicitors Specialising in Licences to Alter

There are many reasons why the owner of a leasehold flat might need to alter the property Leasehold Flat Alterations Landlord's Consent which they own, perhaps because they want to improve their home, or because they want to refurbish the building. And if the changes are substantial, then it’s critical to get your landlord’s consent for those alterations.

The exact requirements will depend on the terms of the lease and the types of changes being proposed – but in most cases the leaseholder will have to get a Licence to Alter from the landlord [usually the freeholder] giving them consent to make the changes.

Got a question about a Licence to Alter? Call our specialist solicitors on FREEPHONE 0800 1404544 for FREE initial phone advice.

What Kind of Work Requires Landlord’s Consent?

The types of renovations or changes to the building which might need a licence to alter can include;

•   any alterations to the structure of the building
•   changing internal walls or doors and
•   changing the windows.

More minor changes such as getting new flooring, painting walls or putting up shelves typically do not require the freeholder’s permission. Making alterations to leasehold buildings without the consent of the landlord can often cause disputes – both between leaseholders and the freeholder, and also on occasions between individual leaseholders.

If you are in any doubt at all over whether a licence is needed for the proposed works, some careful checking needs to be done and the freeholder needs to be kept informed.

Failure To Obtain Your Landlord’s Consent to Alterations

Not getting the right form of written consent from the freeholder can be classed as a breach of the lease – and could result in really serious financial implications for the leaseholder.

The Importance of Getting Your License to Alter Early on

Getting permission from your landlord to make alterations can take time, especially when this coincides with the lease itself being agreed. This delay can put the leaseholder in the position of having to appoint builders or decorators to carry out work which they might be refused permission to complete.

It is therefore wise to get in touch with the freeholder as soon as possible to establish whether or not a licence is necessary, how likely it is that consent will be given, and how long it is likely to take for a licence to be given.

Alterations to your Leasehold Flat – Making an Application for Landlord’s Consent

The information you are going to need to put in an application for a licence to alter will depend on the type of changes to your flat that are being proposed. However they may often include:

•   Description of proposed work
•   Timeline for doing the work
•   Drawings showing current layout and proposed changes
•   Copies of insurance certificates, if appropriate
•   Planning permission, building regulations warrants and other approvals if needed
•   Evidence that the work complies with the Party Wall Act

Legal Implications of Making Alterations To Rented Premises

The Landlord and Tenant Act states that freeholders cannot withhold permission to make alterations without good reason. So, for example, in a situation where changes are needed to comply with legal requirements, your landlord’s consent cannot be refused.

What a Licence for Alterations Should Contain

The licence document lays out the changes which have been agreed and any conditions for carrying out the work. The document will include:

•   Details of the work which has been agreed
•   Any conditions such as working hours, noise or disposal of waste
•   Any statutory obligations which have to be complied with
•   Requirements for insurance cover
•   Agreement over costs. The costs which the freeholder pays when looking at the proposal and drawing up the licence may have to be paid by the leaseholder. The leaseholder may also be responsible for extra insurance costs, and other costs such as work to security systems.
•   Drawings and building specifications

It can often be a tricky time when renovation works are being done under a licence to alter, especially when trying to coordinate alteration work with moving into the building and need to bring this into line with:

•   Initial negotiations over the lease
•   Removals and relocation
•   Buying new fixtures, fittings, equipment or office furniture
•   Giving up the lease of the premises which the leaseholder is moving from

Failing to bring all of these things into line can mean large additional costs for the leaseholder, or the need to move into alternative accommodation for a short time. The freeholder is also entitled to inspect the renovation work when it starts, during construction and once work has finished.

Own A Leasehold Flat? Proposing Alterations Needing Your Landlord’s Consent? Our Solicitors Can Help. Call Now

Don’t take chances in making alterations to your flat without checking if you need your freeholder’s permission – it’s critical that you get the right expert advice.

Wherever your flat is situated in England or Wales, our specialist leasehold team can help. For a FREE initial phone consultation from an specialist in working with licences to alter.

Call us today on FREEPHONE 0800 1404544 or
email us using our contact form for FREE initial advice and a FREE quote.

How To Buy Your Freehold

Posted on 20/01/2023 by kiteadmin

Specialist Lease Enfranchisement Solicitors

Freehold purchase of a block of flats (which is often referred to as collective or lease enfranchisement) can only be successful when a certain number of leaseholders participate.

(This page deals with buying the freehold of a block of flats.
Click here to read about buying the freehold of your house)

Do you need a minimum number of people to qualify to buy your freehold?

Yes, the law requires that a minimum of 50% of the owners of the properties in the block have to participate, although there is nothing stopping you from starting the process with a lower percentage than this as long as the 50% mark is eventually reached.

It is important that this is pointed out to leaseholders in the early stages of the project as many leaseholders won’t want to get involved with collective enfranchisement until they are sure it will go ahead. This can lead to a “chicken and egg” situation which needs to be sorted out as soon as possible.

Looking for Specialist Advice How To Buy Your Freehold? Call FREEPHONE 0800 1404544 for FREE Initial Phone Advice – with no strings attached.

Your right to enfranchise – practical problems with bigger blocks

Remember too that the freehold purchase process is often far more straightforward when you are dealing with smaller blocks. If you are living in a block of only four flats, you will only need to convince one other leaseholder to join you to reach the 50%.

If in contrast you are living in a much larger block with 100 flats, it’s a much more complex job to get an additional 49 leaseholders to join the collective enfranchisement, and keep them involved to the end of the process. And that’s why with medium and large blocks, putting everyone involved to sign up to it is known as a “participation agreement” is really important.
Click here to read more about Participation Agreements

Exercising Your Right to Enfranchise – Issue an Invitation

It is always easier to start the collective enfranchisement process when a good proportion of the leaseholders have already decided that they would like to be involved. What makes up a significant number will depend on the nature of the block of flats.

At the earliest stages of planning, it is a good idea to issue a formal invitation to all of the leaseholders telling them about the proposed freehold purchase and asking them to get involved.

There is no legal requirement to issue this invitation, but it is a good way of starting the process of buying your freehold and enables you to contact all of the leaseholders quickly. It also keeps things on a formal footing, which may alleviate some leaseholder’s worries about the legal and financial aspects of the process.

What Should the Invitation Include?

The initial invitation which you send out should include:

•   Exactly what is being proposed
•   Deadlines for getting involved
•   The benefits of buying the freehold
•   The deposit required
•   Estimated costs for seeing the project through to completion.
Do make sure that you clearly state that any costs are purely estimated and that the final charges could vary and will only be fully known when the leasehold purchase has completed. (see below for more about the cost of enfranchisement).

Giving everyone the same information at the same time also helps to avoid possible conflict as leaseholders can see that everyone is being treated in the same way. There are some situations where this might not be such a good idea though, for example if the freeholder of the building has friends or relatives living in the block.

If the freeholder might prove awkward, it may be better to avoid them getting hold of confidential information about the proposed leasehold purchase at this stage.

Your Right to Enfranchise – Getting Leaseholders to Sign Up

Along with the invitation, include a simple sign-up form. Keep this brief, and simply ask the leaseholder to confirm that they are interested in taking part in the leasehold purchase when the project gets underway.

It should also be made clear that the leaseholder is not committing to anything by expressing their interest. It just lets the person leading the leasehold purchase that they are interested and willing to take part in collective enfranchisement.

Holding a Residents’ Meeting

At this point it is also a good idea to hold a meeting for leaseholders who still have questions or are unsure about whether to get involved. A meeting allows these leaseholders to ask any questions and get a full picture before committing. A meeting is a good technique to get more leaseholders interested in signing up.

Make sure that you ask an experienced leasehold enfranchisement solicitor to attend this residents’ meeting. The solicitor will be able to give the legal position and make sure that all of the information which is given is accurate. Having a solicitor at the meeting will also give the leaseholders peace of mind as they are being give information by someone who is experienced in this process and really knows what they are doing. Again this can encourage more residents to get involved in the freehold purchase.

Will we need to form a company to jointly own the freehold?

Yes – click here to read more about your collective enfranchisement company

The Difference Between Lease Owners and Residents

It’s also important to point out that issuing an invitation to all of the residents in the block might not help identify the leaseholders. Many flats are owned by landlords who rent them out, and it’s the person who owns the property and not the tenant who has to take part in a freehold purchase.

How much will it cost to buy our freehold?

There is no simple and straightforward answer to this 1. Broadly it depends entirely on your particular circumstances, and in particular the value of all flats in the block. But in general terms you will need to pay the following:

• The premium – i.e. the price you pay your freeholder to purchase the freehold.
Click here to read more about the Enfranchisement Valuation – and how your premium is calculated

• Your solicitors legal fees

• Your surveyors fees for valuing the premium and helping with negotiating the price

• The freeholder’s “reasonable” legal and valuation costs incurred by your freeholder

Click here to read more about Enfranchisement Costs in more detail

Do we need specialist solicitors?

Absolutely – the vast majority of conveyancing or indeed other solicitors rarely, if ever, come across freehold purchase. And sadly, in our experience, too many of those who dabble in the area make fundamental mistakes.

In contrast, our 5 strong leasehold team does nothing but lease extension, enfranchisement and right to manage applications. They are possibly the biggest and specialist team of the type in the country. And over the years we have assisted approximately 10,000 people to buy their freehold, extend their leases or take over the right to manage their block.

But don’t just take our word for it. We are the only solicitors recommended for this kind of work by The HomeOwners Alliance (Britain’s leading organisation to champion the interests of the nation’s homeowners).

What happens if the freeholder tries to sell the freehold to a third party?

In general terms, it’s a criminal offence for your freeholder to try to sell on the freehold to someone else without offering it formally to leaseholders first.
Click here to find out more about the Right of 1st Refusal

What happens if our freeholder is missing and can’t be found?

Don’t worry. Our experienced team have a solution for that – the vesting order. And, unlike most solicitors, we handle these on a regular basis.
Click here to read more about buying your freehold and vesting orders

How To Enfranchise Your Lease – A Summary

In the early stages of planning a collective enfranchisement process, it’s essential to stay focused on the end benefits of freehold purchase, and have the costs of each of the separate stages laid out clearly so that your fellow leaseholders can see that you have nothing to hide in the whole process. Once the benefits of owning the freehold have been clearly spelled out and everyone understand what is required for the process, the chances of managing a successful leasehold enfranchisement are much higher.

Want To Know How to Enfranchise Your Block? Call Us Now

Exercising your Right to Enfranchise involves a really difficult of law – so it’s critical that you get the right expert advice. Wherever your block is situated in England Wales, our specialist team can help. For a FREE initial phone consultation from an specialist in Enfranchisement

Call us today on FREEPHONE 0800 1404544 or
email us using our contact form for FREE initial advice and a FREE quote.

Bournemouth Leasehold Enfranchisement Solicitors

Posted on 12/01/2023 by kiteadmin

According to up-to-date records from the National Statistics Office, there are approximately around 1.5 million long leasehold flats in England and Wales. Bournemouth and the surrounding area has more than its fair share of these flats and apartments – and many of which are going to be eligible for leasehold enfranchisement [also known as collective or freehold enfranchisement, and freehold purchase].

Do You Own a Flat or Apartment in Bournemouth? Want to Buy The Freehold Of Your Block? For Expert FREE Initial Phone Advice, Call Us On FREEPHONE 0800 1404544 or (01202) 834450

DO I NEED A SPECIALIST LEASEHOLD ENFRANCHISEMENT SOLICITOR?

In short, the answer is yes. Why?

o leasehold enfranchisement involves a particularly tricky area of law – in particular, for example, it’s easy to miss critical deadlines, and the law surrounding the exercise of your right to enfranchisement is notoriously difficult to interpret

o most property solicitors come across enfranchisement and lease extension very rarely – and our experience, the vast majority of non-specialist solicitors really struggle to cope with the intricacies of the enfranchisement process

o your freeholder is almost certain to will appoint their own specialist enfranchisement solicitor

o an experienced enfranchisement solicitor can play a crucial role in your enfranchisement team – drafting the legal compensation, cooperating with your surveyor , and you, or your project manager, to control the information flow and to make sure that the whole enfranchisement process goes through successfully

WE ARE COLLECTIVE ENFRANCHISEMENT SPECIALISTS

o There are very few solicitors who specialise in leasehold enfranchisement. The vast majority of property solicitors will not have ever dealt with leasehold enfranchisement – and you wouldn’t want to entrust your freehold purchase to a solicitor using your enfranchisement as a learning experience!

o Here at Bonallack & Bishop, our enfranchisement and lease extension team is based in Salisbury, although we also have offices in Andover, Amesbury and Fordingbridge. Our 5 strong leasehold enfranchisement and lease extension team are real specialists – that’s all they do – and we have experience of helping thousands of leaseholders to with successful lease extension and enfranchisement applications in the last 25 years.

o Our team are also members of the Association of Leasehold Enfranchisement Practitioners [ALEP] – which is the only national group of specialist enfranchisement solicitors and surveyors.

You can also enfranchise your leasehold house.
Click here to find more about how to buy the freehold of your leasehold house

OUR LEASEHOLD ENFRANCHISEMENT EXPERTISE – DON’T JUST TAKE OUR WORD FOR IT

Here’s what a local specialist enfranchisement surveyor says about us:

“I have worked alongside Bonallack & Bishop on numerous lease extension and enfranchisement cases and have been impressed by their efficiency, regular communication and knowledge of the subject.”

Stephen Higley, Smith Robinson Higley Ltd, Chartered Surveyors, Poole

And, what’s more, we are the only law firm nationwide recommended for lease extension and leasehold enfranchisement work by the HomeOwners Alliance, the nation’s leading organisation promoting interests of the UK’s homeowners.

THE IMPORTANCE OF YOUR SOLICITOR AND VALUER WORKING TOGETHER

In order for freehold purchase project to be successful, your solicitor and chosen valuer need to work together. Fortunately leasehold team know the right and valuers to appoint in the Bournemouth area, and we can introduce you to them, or appoint them on your behalf as part of our one-stop shop service. With solicitors and surveyors working well together, you can sure that the premium you will pay your freeholder is set at the right level and complete the enfranchisement process with ease.

OUR ONE-STOP SHOP ENFRANCHISEMENT SERVICE

We can help you throughout the process – all the way from day one to pointing the right surveyor and finishing the project by setting up your new freehold management company.

January 2023 update – In 2022, it was confirmed that marriage value would be abolished at some point during this parliamentary period, however no solid proposals have been released yet and there is no guarantee that it will go ahead as planned. Additionally, if the changes follow the new legislation abolishing ground rent introduced in 2022, they could only apply to new leases and not existing ones.

BOURNEMOUTH ENFRANCHISEMENT? CALL 01202 834450 TODAY

So if you own a flat or apartment in Bournemouth, and you’re interested in buying the freehold (or simply extend your lease), our team can help you. We are happy to meet you face-to-face, but equally, our team runs most of our enfranchisement work without a face-to-face meeting – taking instructions by e-mail, phone and Zoom video.

Email us using the contact form below and we can give you a FREE no obligation quote for your enfranchisement and answer your initial queries – or we can arrange to ring you back at a time convenient to you, if you prefer.

Leeds Leasehold Enfranchisement Solicitors

Posted on 12/01/2023 by kiteadmin

Do live in Leeds? Do you own a leasehold flat or apartment? If so, there is a good chance that you will be eligible to buy the freehold of your block through a process referred to as ‘leasehold’ or ‘collective enfranchisement’. You will need specialist lease enfranchisement lawyers to help you with the process – and here at Bonallack & Bishop, our dedicated team of enfranchisement and lease extension experts have all the expertise you need.

Own a Flat in Leeds? Want To Buy The Freehold Of Your Block? For the Specialist Legal Advice Call Us On FREEPHONE 0800 1404544 For FREE Initial Phone Advice.

MAKE SURE YOUR ENFRANCHISEMENT LAWYER IS A SPECIALIST

When dealing with enfranchisement or lease extension, its really important that both the lawyer and surveyor you choose is a genuine specialist. Why? Because lease enfranchisement is a complicated area of law involving strict procedure and tight deadlines. Most property solicitors have little if any experience of enfranchisement, which is why you need to find genuine specialists.

What’s more, your freeholder will almost certainly have instructed a specialist themselves, so don’t start off at a disadvantage.

Your solicitor will also need to be able to work effectively with your surveyor and project manager to ensure that the leasehold enfranchisement process runs smoothly. Our team work with surveyors will it comes to enfranchisement and lease extension every day – so we are perfectly placed to help with your enfranchisement. And if you want us to instruct a solicitor on your behalf to value the premium you will need to pay to the freeholder to buy your freehold, we are happy to introduce you to a genuine specialists – a member of our informal enfranchisement surveyors’ panel, as part of our one-stop shop service.

RECOGNISED LEASEHOLD ENFRANCHISEMENT EXPERTS

Finding specialist leasehold enfranchisement solicitors is easier said than done.

However we have a dedicated team of four enfranchisement and lease extension lawyers who spend all their time helping leaseholders extend their lease or buying the freehold of their block.

We are also members of the Association of Leasehold Enfranchisement Practitioners (ALEP) – the only nationwide organisation of specialist enfranchisement solicitors and surveyors.

And what’s more, we are the only law firm in the country to be recommended for this type of work by the highly regarded HomeOwners Alliance – the only group in Britain to represent, champion and serve the nation’s homeowners and homebuyers.

WHY GETTING YOUR FREEHOLD PURCHASE RIGHT IS SO IMPORTANT

When it comes to enfranchisement, it really important to make sure you stick to the procedure and in particular don’t miss any of the deadlines. Because doing so means your application fails and you have to start again from scratch.

Not only does that mean you will have picked up extensive and wasted legal fees in the process, but with your lease being shorter, especially if the value of your property has increased in the meantime, increase it’s likely that by the time your new application is filed the premium you will need to pay will be more expensive.

LEASEHOLD HOUSES – DOES THE RIGHT TO ENFRANCHISEMENT APPLY?

Yes. Click here to read more about how to buy the freehold of your leasehold house

LIVE IN LEEDS? CALL TODAY FOR THE RIGHT LEASE ENFRANCHISEMENT ADVICE

Despite being based in the South West, our clients come from blocks throughout England and Wales – it is not necessary to see us in person.

So if you live in Leeds, there’s no problem – we can keep in touch with you via telephone, email and Zoom video as we do for any of our clients when helping them buy the freehold of their block – wherever they may be nationwide.

Want to know more about how to buy your freehold? For no strings attached FREE initial advice and a FREE quote

• Call us today on FREEPHONE 0800 1404544 for FREE initial phone advice

• Or email us using the contact form below – or we can arrange to ring you back when it suits you

Bristol Collective Enfranchisement Solicitors

Posted on 12/01/2023 by kiteadmin

Lawyers specialising in freehold purchase

Do you own a long leasehold flat or apartment [i.e. any residential lease with a term originally granted for over 21 years] in Bristol? Do you want to increase the value of your flat? Do you want to take over the right to manage your block from your freeholder? If you can answer “yes” to all three of these questions, then you could well be entitled to buy the freehold of your block of flats using a process called leasehold or collective enfranchisement.

You’ll need a specialist leasehold enfranchisement lawyer to help you with this – and at here at Bonallack & Bishop we have a 5 strong dedicated team of lease extension and enfranchisement who have all the knowledge you are going to need. And our specialists cancan also help you buy the freehold of your leasehold house

Helping you throughout the whole process

What’s more, we are are there with expert advice right from the initial valuation. And if you can’t get agreement from your freeholder, all the way to the First Tier Property Tribunal.

In addition, as part of our one stop shop service,we can introduce you to come and if necessary appoint, a member of our specialist panel of collective enfranchisement surveyors – because you are going to need an expert valuation and very few surveyors have the necessary experience or skill.

Looking To Buy The Freehold Of Your Block In Bristol? Looking For Specialist Solicitors? Call Us On FREEPHONE 0800 1404544 For FREE Initial Phone Advice.

Leasehold enfranchisement – what’s in it for me?

Buying your freehold gives you the opportunity of granting yourself a very long lease extension that often lasts for 999 years. And that comes with what’s known as a ‘peppercorn rent’, meaning the lease essentially becomes rent-free.

What’s more, there are plenty more benefits of owning your own freehold. They include

the chance of better maintenance and intentionally cheaper management of your block as well as
the ability to remortgage more easily due to added security of freehold over leasehold properties
it secures family inheritance rights
and increases building value, making it an attractive option for investors or those looking to buy their own home.

Use a Specialist Enfranchisement Lawyer

If you are going through the process of lease extension or enfranchisement, it’s important that you deal with a specialist surveyor and lawyer. Freehold enfranchisement is a complicated area of the law, and it involves specific terminology and strict deadlines.

Most property solicitors don’t touch leasehold enfranchisement very often if at all, which is why it is so important to find true experts and also why these experts are few and far between. Remember also that your freeholder will have already made the call to get their own specialist solicitors. So don’t put yourself at a disadvantage.

You will also have to ensure that your solicitor will have to work your surveyor to keep the process moving along slowly. Our legal team works with these people every day on lease extension and collective enfranchisement projects so is in the perfect position to help your enfranchisement too.

Genuine Enfranchisement Experts

It’s not always that easy to find a specialist freehold purchase solicitor. Here we are one of very few law firms nationwide with a team of lawyers who dedicate their entire working week to helping with leasehold extension or collective enfranchisement alone.

You can tell we are genuine specialists – because we are the only law firm nationwide recommended for enfranchisement work by the Homeowners Alliance – the biggest organisation representing the U.K.’s home owners.

We are members of the Association of Leasehold Enfranchisement Practitioners (ALEP) which is a body comprised of specialist surveyors and freehold purchase lawyers.

But don’t just take our word for it. Click here to read about what some of our clients and the Expert Enfranchisement Valuers we work with say about us.

Enfranchisement – Our One-Stop Shop Service

If you wish, we are able to handle your freehold purchase from day one until completion. This includes instructing a specialist surveyor to provide an initial valuation, drafting a participation agreement (essential to keep everyone on board if you’re in a big block) and serving the enfranchisement notice all the way to negotiating a price with your freeholder, setting up your new freehold company and registering you as the new owners of the block HM Land Registry.

And in the unlikely event that there is a dispute with your freeholder, we can even represent you at the First Tier Property Tribunal – though we are pleased to say that around 95% of our cases are sorted out without the need of any Tribunal application.

The cost of getting leasehold enfranchisement wrong

Failing to complete the enfranchisement process correctly or missing deadlines for example, can come with a hefty price tag. Not only would you need to start from scratch and cover any associated, not to mention wasted, legal costs, but by the time you’re able to start a new application, your lease will be shorter and it’s quite likely that the value of your flat will have increased. This could lead to an increase in the premium that you are going to need to pay to your freeholder.

Live in Bristol? Looking to Purchase the Freehold of Your Block? Contact Us Now

Exercising your Right to Enfranchise is a complicated process and it’s really important to make sure you have specialist legal advice.

Our specialist team represent clients throughout England and Wales. So if you own a flat in Bristol and you are looking at enfranchisement;

Call us now on FREEPHONE 0800 1404544 for FREE initial phone advice and a FREE quote OR

Email us using the contact form below

Sheffield Leasehold Enfranchisement Solicitors

Posted on 11/01/2023 by kiteadmin

Leasehold enfranchisement, also known as ‘freehold purchase’ or ‘collective enfranchisement’ allows leaseholders to buy the freehold of their leasehold flat or apartment. If you live in Sheffield and you are interested in the enfranchisement process, our expert lease extension and lease enfranchisement solicitors can help you, increasing the value of your property and leaving you with more control over its maintenance.

Thinking of Buying The Freehold Of Your Block In Sheffield? Need Specialist Legal Advice? Call Our Expert Team On FREEPHONE 0800 1404544 For FREE Initial Phone Advice.

LEASE ENFRANCHISEMENT – ONLY A SPECIALIST WILL DO

Here are 3 reasons why you will need a specialist solicitor when you’re looking to enfranchise your block:

• Lease enfranchisement is a tricky area of law. Few property solicitors have much experience or any real understanding about it.The tight deadlines and complex legislation involved make the process particularly complicated. In fact, the vast majority of property solicitors rarely if ever, come across lease extensions, let alone enfranchisement cases

• It is almost certain that your freeholder will have instructed a specialist solicitor – so it is really important that you make sure that you get similarly specialist legal advice

• A specialist solicitor will fully understand the whole process – and in particular be able to communicate effectively with your surveyor and any project manager choose to appoint (quite important with bigger blocks) to make the process as swift and successful as possible.

PROVEN LEASE ENFRANCHISEMENT EXPERTS

If you choose the team here at Bonallack & Bishop to help you enfranchise your block, you can be sure that you are instructing genuine specialists in their field. As one of the largest teams in the country, our four-strong group of lawyers are dedicated to lease extension, right to manage and enfranchisement work only – that is simply all they do.

Over the last 25 years, thousands of leaseholders and freeholders have benefitted from our team’s experience. And we are also members of the Association of Leasehold Enfranchisement Practitioners, the only organisation of specialist enfranchisement solicitors and surveyors nationwide.

NB It’s also possible to buy the freehold of your leasehold house.
Click here to find more about leasehold house enfranchisement

MAKE YOUR LEASE DOES NOT DROP BELOW 80 YEARS

The reason for this is simple – if the lease of your apartment or house has less than 80 years remaining, then the cost of buying your freehold rises drastically. This is because the freeholder is entitled by law to half the profit made by extending the lease, known as ‘marriage value’.

In 2022 the UK government stated its intentions to abolish marriage value before the current Parliament ends, but no formal proposals have been announced and they follow the ground rent changes made in 2022, there may be no changes for those that already have an existing lease agreement.

BUT DON’T JUST TAKE OUR WORD FOR IT

We are the only solicitors recommended for enfranchisement work by the HomeOwners Alliance – Britain’s largest organisation representing the nation’s homeowners.

LEASE ENFRANCHISEMENT IN SHEFFIELD – CONTACT US NOW

When you come to buy the freehold of your block, we believe it’s much more important to get a specialist than look for a local solicitor to meet face-to-face. Whilst you are more than welcome to visit us in one of our four offices, we run the vast majority of our lease extension and freehold purchase cases with clients nationwide using Zoom video, email or telephone.

So if you own a flat or apartment in Sheffield, and want to know more about how to buy your freehold (or about just extending your individual lease), get in touch with our team today

For no strings attached free initial phone advice and an idea of the costs likely to be involved in your project,,

email us using the enquiry form below, or
call one of our team on FREEPHONE 0800 1404544.

Liverpool Leasehold Enfranchisement Solicitors

Posted on 11/01/2023 by kiteadmin

The population of Liverpool has grown by around 5.5% over the last 10 years, to almost half a million people. and if you consider the extended “metro area population of Liverpool”, in 2023 that’s 917,000. So, given that nationwide there are an estimated 1,500,000 leasehold flats, it is hardly surprising to find that there are so many flats and apartments in Liverpool – with many leaseholders wanting to gain greater control over their property by buying the freehold of their block using the leasehold enfranchisement process.

Genuinely specialist enfranchisement solicitors are very hard to find. But here at Bonallack & Bishop we have a 5 strong team who do nothing but enfranchisement, lease extension and right to manage company formation cases throughout England and Wales – and who can help you buy the freehold of your block.

Own a Flat or Apartment in Liverpool? Interested in Buying The Freehold Of Your Block? For the Specialist Legal Advice You Need, Call Us On FREEPHONE 0800 1404544

YOUR ENFRANCHISEMENT – YOU NEED A SPECIALIST SOLICITOR

Here’s why you will need to instruct a specialist solicitor to help with your lease enfranchisement:

• The relevant legislation is complicated and difficult to understand. There are also a number of critical deadlines which must not be missed – sadly, in our experience, a generalist property solicitor without much, if any, freehold purchase experience is simply not up to the job

• It’s highly likely that your freeholder knows the importance of having a specialist enfranchisement solicitor. That means that there likely to instruct an expert solicitor themselves. You therefore need to do the same to ensure a level playing field between you.

• To go through a successful enfranchisement cost effectively and with minimal complication, your solicitor will need to cooperate with the surveyor and project manager. Our team liaise daily with specialist surveyors and valuers – and collective enfranchisement project managers

OUR ENFRANCHISEMENT EXPERTISE

Over the last 25 years, we have helped thousands of leaseholders throughout England and Wales benefit from lease extension and freehold purchase. And we also act regularly for freeholders – so we fully understand the whole process from both sides.

What’s more, we are long-standing members of the only specialist body for leasehold surveyors and solicitors – the Association of Leasehold Enfranchisement Practitioners – ALEP.

In addition we are the only solicitors nationwide who the highly regarded campaigning organisation, the HomeOwners Alliance, recommend for this area of work.

DO I NEED TO INSTRUCT SOLICITORS AT ALL?

No – there’s certainly no legal requirement, but like conveyancing, very few people are confident enough to take a chance on making a mistake when buying property.

THE ADVANTAGES OF BUYING YOUR FREEHOLD?

Enfranchisement gives tenants the right to extend their existing leasehold to unlimited length – usually increasing to a 999 year terms— and to pay what is known as a peppercorn rent (which is essentially a rent-free agreement).

Other benefits of opting for purchase include taking complete control over maintenance and management, easing mortgage refinance, providing a more secure inheritance option, and increasing building value. Owning a share of the freehold of your block also makes buying your flat much more attractive to most potential purchasers.

DOES OUR FREEHOLDER NEED TO OFFER THE FREEHOLD OF THE BLOCK TO US BEFORE TRYING TO SELL ELSEWHERE?

Yes – there is a clear legal requirement. Your freeholder must offer it to you, as leaseholders 1st, and the right of first refusal allows you, as the leaseholders of the building, to bid for the right to buy the freehold if the freeholder wishes to sell it.
Click here to read more about the Right of 1st Refusal

DOES THE RIGHT TO ENFRANCHISEMENT ALSO APPLY TO LEASEHOLD HOUSES?

Yes. Click here to find out about how to buy the freehold of your leasehold house

THINKING OF ENFRANCHISEMENT IN LIVERPOOL – CONTACT US NOW

Our service is so specialist that we regularly represent clients throughout England and Wales – with the vast majority of our collective enfranchisement cases being run by phone, email and Zoom video. In fact, it’s very rare that we meet our freehold purchase clients – and it’s never been a problem

So, whether you live in Liverpool or anywhere else nationwide, for FREE expert initial advice and a FREE freehold enfranchisement quote

• Call us now on FREEPHONE 0800 1404544 or

• Email us using the contact form below – or we can arrange to ring you back when it suits you

Can an Executor Extend a Lease?

Posted on 04/01/2023 by kiteadmin

What happens to leasehold property when you die?

If we are talking about what is known as a “long leasehold” flat or apartment (i.e. one that was granted for at least 21 years – as distinct from, say, a monthly tenancy), then on death the flat passes as part of the estate under the will of the deceased, and it’s possible for an executor to extend a lease in those circumstances.

NB It’s worth noting that there could be conditions on the lease with regard to ownership of the property. In particular there are an increasing number of retirement flats with conditions on who can and cannot own or even occupy the property. Retirement flats often have a minimum age requirement e.g. 55. If you inherit this type of retirement property and don’t fit the criteria, then you will need to sell the property to someone who does fit that criteria.

Can an Executor Extend a Lease?

Many executors are unaware of their rights to extend a leasehold on a residential flat or house, and the useful benefits this can bring. If leasehold residential property forms part of the estate in question, then, as long as the executor acts to start the application to extend the lease by serving the formal notice of claim within two years of probate being granted, they have the same rights as the living homeowner may have had. The deceased person has to have qualified for the lease extension themselves, which usually means having owned the property concerned for at least two years. And the formal, or statutory route to extend a lease is started by the issue of what is known as a section 42 notice, something that is usually done by solicitors with plenty of experience of lease extension – which is a niche area of law.

A similar right applies to executors wishing to buy the freehold of a leasehold house.

NB if the deceased person had not owned a flat for 2 years then there is no automatic right to a lease extension. In that case, however the executor may still be able to negotiate an informal agreement the freeholder.. This type of negotiation is not regulated, and so you cannot force the landlord into granting an extension. The best thing to do is talk it out and come to a mutually beneficial agreement.

Looking for Specialist Lease Extension Advice? Call our Solicitors on FREEPHONE 0800 1404544 for FREE Initial Phone Advice

What Lease Extension Options Are Open to an Executor?

If these conditions are met, the executor has two options. They can either go straight ahead and extend the lease [possibly by making the most of using some of the cash in the estate to pay the freeholder’s premium, surveyors fees and both sets of legal costs], or start the process with the aim of putting the property on the market.

As long as the executor has started the process of extending the lease, this can then be handed onto the person who buys the house or flat. The new purchaser therefore doesn’t have to wait for the two years needed for him to start the lease extension and saves money too.

A property which already has a lease extension underway is worth more than one which does not, and it is more appealing to home buyers too.

What is the process if it is the freeholder who has died?

When a freeholder passes away, the person who is responsible for inheriting their estate, determined through a valid will or the rules of intestacy, will become the new freeholder. And it’s this new freeholder that the leaseholder will need to deal with in future to obtain buildings insurance details if they want to sell their property or extend their leasehold as well as purchase the freehold.

However, in cases where there are no next of kin then what is known as “bona vacantia” or “ownerless property” applies – this means that the freehold passes to the Crown. And it’s the Treasury Solicitor who is responsible for handling these kind of freehold on behalf of the Crown – and they are usually happy to give leaseholders an opportunity to purchase the freehold

Thinking of a Leasehold Extension? Contact our Experts

Here at Bonallack and Bishop, we have a team of specialists in both Leasehold Enfranchisement and Lease Extension – that’s all they do and they can represent you wherever you live in England and Wales – so for FREE initial phone advice just

call our specialists on 0800 1404544 for FREE initial advice or

fill in the enquiry form below

Lease Extension – Key Terms And Numbers

Posted on 21/11/2022 by kiteadmin

It pays to know what you are doing when you are extending a lease as an understanding of the process will help you get things done as efficiently and quickly as possible. This guide takes you through some of the key facts and figures involved in lease extension so you will have a better understanding of what you are dealing with when it comes to putting everything into motion.

1993 Leasehold Reform Act
This is the Act of Parliament that gives tenants the right to a lease extension. Its full title is the Leasehold Reform, Housing and Urban Development Act 1993 (as amended). This is what sets down the process you are required to follow when extending a lease, so it is worth getting to grips with it.

21
This is the number of unexpired years that must have been left on your original lease if you are going to be eligible for a leasehold extension.

2
This is the number of years you need to have owned your property before you are eligible to extend the lease. However, the only criterion is that you own the property – you don’t necessarily have to have lived there.

80
If you have less than 80 years left on your lease when you start the process of extending your leasehold, you will have to pay an additional cost known as the ‘marriage value’. This increases the costs of lease extensions, so if possible you should definitely start the process as early as you can – before you pass that 80 year deadline.

90
This is the number of years you are able to extend your lease for under the 1993 Act. The number of years left on your original lease is added to this, so if you had a lease for 93 years and you extended it by 90 years, your new lease would be for 183 years.

Peppercorn rent
When you have extended your lease, you will be charged a peppercorn rent on it. This basically means that your ground rent on the new lease is negligible and it is one of the reasons people take the decision to extend their lease in the first place.

First-Tier Property Tribunal
If you are unable to come to agreement with your landlord over how much extending your lease should cost, you will need to ask your solicitor to refer the case to First-Tier Property Tribunal (previously known as the leasehold valuation tribunal). This is where the case will be debated and settled.

In need of a specialist Lease Extension Law Firm?

Making sure the law firm you appoint to manage your lease extension really understands lease extension is critical. Very few solicitors deal with lease extensions regularly – we have a three strong team dedicated to nothing but lease extension, collective enfranchisement and right to manage company formation.Wherever you are in the UK, for a FREE initial telephone consultation on extending the lease on a flat, either ;

call our Solicitors today on 0800 1404544
or email us using our contact form for FREE initial advice and a FREE quote or we can arrange to ring you back

Collective Enfranchisement – The Pros And Con

Posted on 21/11/2022 by kiteadmin

SOLICITORS SPECIALISING IN FREEHOLD PURCHASE

Collective Enfranchisement – the Pros:

Generally, buying the freehold [also known or leasehold or collective enfranchisement] of a residential building collectively delivers the best result for tenants – because it results in full ownership and control of the building.

Tenants who acquire the freehold can grant 999 year leases and also take over the management of the building. Although tenants now have a statutory right to take over the management of the building they tend to prefer a collective claim because, as stated above, it also gives them the right to grant long leases to themselves at no extra premium, significantly enhancing the value of their flat.

Collective Enfranchisement – the Cons:

When buying the freehold, leaseholders should be aware that taking over the management of a large block can be onerous. Even though day-to-day management matters can be contracted out to managing agents, as freeholders, the tenants are responsible for insurance, repairs, redecoration and such issues. Pursuing neighbours for arrears of service charges or ground rent, or dealing with complaints about unauthorised alterations or noise nuisance is not an easy task.

The cost of buying the freehold involved in lease enfranchisement could also be high if there are a number of short leases and few participating tenants.

The collective claim

The freehold purchase of a building as a group of tenants is a complex project that requires much organisation and should not be entered into lightly. It is important to form a coherent group headed up by a few enthusiastic residents who can build consensus amongst the participants, and sustain momentum over a long period of time.

Once this group has been formed, it is strongly advisable to instruct a solicitor to i mplement the technical procedure required and an enfranchisement surveyor to advise on the likely freehold value. These professionals will wish to deal only with the residents appointed representatives, who can maintain a line of communication with their fellow residents.

And with medium or larger blocks, it’s well worth considering a participation agreement. A participation agreement is a binding legal contract that locks in all of those leaseholders who have agreed to join the collective enfranchisement process.

Our team regularly draft these legal agreements – click here to read more about participation agreements

Looking for Specialist Collective Enfranchisement Lawyers? Contact us today

Wherever you live in the UK, for FREE initial advice and a FREE Collective Enfranchisement quote

• Call us on (01722) 422300 or

• Fill in the enquiry form below