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  1. Gazwag

    [Misc] leasehold/freehold

    This is a good calculator to see if the amount is reasonable, you need to estimate the cost of all 19 flats and total ground rent of all 19 but it will give you a guide. My daughters is just over £4k each with a 125 year lease (with 4 out of the 5 joining in)...
  2. Gazwag

    [Misc] leasehold/freehold

    You only need 51% not everybody, although the more that join in the cheaper it will be, how much are they offering to sell the freehold for
  3. Gazwag

    [Misc] leasehold/freehold

    This is another thing, lease extensions for people who don't own a share of the freehold can cost tens of thousands of pound, those who do own it can do it for just legal fees either at the point of purchasing the freehold or afterwards
  4. Gazwag

    [Misc] leasehold/freehold

    Better to be on the inside sharing the control than on the outside having to do and pay what you are told by the others - probably will had a bit to the value and you can save on ground rent. If it isn't purchased within the current owners the developer will put it up for auction and who know...
  5. Gazwag

    [Misc] leasehold/freehold

    I have just set up a company for my daughter. She bought a flat in a new conversion of five flats in total. The freeholders offered the freehold to the five flats of which 4 have agreed to purchase and we are just starting the legal process to get things sorted. My view was a freehold company...
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