Provides a comprehensive Valuation Report with full calculations and explanatory notes detailing the variables affecting the cost of freehold purchase.
Our valuations are suitable for informal premium negotiation, inheritance/taxation purposes and service of Section 13/21 Notices under the Leasehold Reform Housing & Urban Development Act 1993 for statutory Collective Enfranchisement.
Many leaseholders and freeholders are able to informally negotiate the premium payable for freehold purchase without having to use the statutory Collective Enfranchisement route.
Pro-Leagle provide an expert valuation negotiation service on your behalf to achieve the best price and terms for an informal freehold purchase. You will need a Pro-Leagle freehold valuation or surveyor's report before you can obtain this service.
Leaseholder(s): An absent freeholder may cause problems when attempting to purchase your freehold. If your freeholder is absent you will need to demonstrate that you have attempted to locate your missing freeholder when applying to the Court for a vesting order grating the right to buy the freehold.
Pro-Leagle's tracing service will attempt to identify the owner of the freehold and their correspondence address. In the event that the freeholder cannot be found, Pro-Leagle will provide a certification document describing comprehensive search methods and advertisements used. Pro-Leagle will also discuss with you the ways in which you can proceed.
After freehold purchase it is recommended that participating leaseholders extend their leases to 999 years on 'peppercorn (£0.01)' annual ground rent.
This maximises the marketability of each individual flat and prevents any future disagreements that may occur regarding lease extensions if flats are sold to new leaseholders who were not involved in the original Collective Enfranchisement process.