Some Warner residents have already bought their freehold. Others want to know more about it. So we asked some specialists in leasehold law to address a local meeting to talk through the basics of how it works, what it costs, who is eligible, and why it’s worth doing.
7.15pm, 30th July.
Priory Court Community Centre
11 Priory Court
For most leaseholders the main advantage is freedom from charges made under the terms of the lease, such as overpriced insurance, permission for extensions, etc. It also means there is no lease to decrease in value over time.
With Warner flats most leases define the ground and first floor flat as a building, which means buying the freehold has to be done jointly between both residents. The cost will depend on the length of each lease. If either has been extended, this counts towards the cost of the freehold.
Leasehold Solutions have been specialising in leasehold law for several years and have helped several Warner residents to extend or buy their freehold (also known as collective enfranchisement). This area of law is quite complex so it’s a great chance to get the basics for free!