Buying the freehold on a Leasehold property is a decision you might have to make, as most lenders require at least 83 years remaining or you might want to increase the value of your home and save costs in insurance or extension permission to the Freeholder
The Leasehold Reform Housing & Urban Development Act 1993 (as amended) set out the formula that is used to calculate the costs to buy the freehold, known as the premium. This formula is complex and a specialist surveyor would be needed to provide an estimate of the premium. Get an estimate
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