If you own your own flat and are a leaseholder with Flourish Homes you may have the right to buy a share of the freehold of your building. You have to get together with other leaseholders to do this, called collective enfranchisement and there are rules about which leaseholders can buy the freehold and how the process works.
The law changed in 2002, making it easier for flat owners to buy a share of the freehold of their building but it is a complicated business. But buying the freehold could make it easier to sell your home and might increase its value.
Not all flat owners have the right to buy a share of the freehold. There are rules about who qualifies and which properties are eligible.
There’s loads of useful information on Shelter’s website as well as the Leasehold Advisory Service.
If this idea appeals it’s probably worth having a good read of the information on these two websites before canvassing your fellow flat owners in your block to see what they think.
After that you can contact Flourish Homes to talk to us about your interest in buying the freehold.
Talk to Commercial Services Team Manager Lis Janaway on 01749 334407.
