Leasehold Reform & Freehold Ground Rent Management
Pennycuick Collins
9 The Square
111 Broad Street
Birmingham
B15 1AS
Tel: 0121 665 4150
Fax: 0121 665 4190
Click HERE for the Map
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If your property is leasehold and you pay a ground rent you should be aware that when the unexpired term falls below 70 years a mortgage provider may impose stricter conditions on mortgage or even consider the property un-mortgage-able. In order to be able to sell or remortgage your home you may need to do one of two things depending on whether you own a house or a flat. If you own a house then you have a statutory right to purchase the Freehold interest provided certain criteria are met. If you own a flat then you have a statutory right to a 90 year extension on your current lease provided certain criteria are met. |
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We specialise in this matter and are able to provide statutory valuations for Freehold and lease Extension premiums. Included with this will be some negotiation and consultation with the other party or parties to the matter. |
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We are able to provide preparation of Collective Enfranchisement (when a number of people purchase the freehold interest) for Flat block lessees including case management and preparation of evidence. |
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We also provide representation at Leasehold Valuation Tribunal and Lands Tribunal when Freehold/Leasehold premiums cannot be agreed by negotiation. |
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If we collect your ground rent and you are interested in purchasing the freehold of your home or extending your lease, then please download and fill in the form below and forward it to Pennycuick Collins along with a £150.00 inclusive administration fee. |
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If we do not collect your ground rent but you are interested in purchasing the freehold of your home or extending your lease, then please contact Sam Boot within the Residential Professional Department who will be happy to assist. |
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Freehold Ground Rent Management |
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Collection of Freehold ground rents with associated administration, from single ground rents to full portfolios |
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Portfolio acquisition and disposal |
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Portfolio investment advice |