Getting a Freehold Valuation for your London property can prove beneficial for countless reasons, from increasing the property’s value to securing a long-term home. However, purchasing freeholds isn’t always the best course of action for qualifying leaseholders. Armed with accurate collective enfranchisement reports, you can negotiate with your eyes open and ensure the acquisition process goes smoothly.
Under the amended Leasehold Reform Act 1993, qualifying leaseholders can collectively acquire their freehold building. To find out whether you qualify and how much the acquisition should cost, you might need to obtain a collective enfranchisement report from a RICS register valuer. Read below to see whether it is worth your investment to get a Freehold Valuation for your London property.
At Harding Chartered Surveyors, our team of RICS registered valuers can produce comprehensive collective enfranchisement reports and offer invaluable advice. In the process, we’ll help you protect your finances, prepare for future responsibilities and potentially save money. Call us today to speak with a London-based RICS valuer directly.
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Benefits of a Freehold Valuation in London
By obtaining a collective enfranchisement report, you can:
Get an accurate market value of your leasehold and freehold building
Hire an impartial representative to coordinate technical matters on your behalf
Understand the possible outcomes of the negotiations
Secure a fair price for the acquisition
Should I buy my London freehold?
By acquiring a freehold, the participating leaseholders can:
Claim full ownership of the freehold, usually by forming a company
Increase their leasehold’s value
Extend leases by up to 999 years, making them more attractive to buyers
Eliminate ground rent, service charges and other landlord fees
Collective enfranchisement isn’t appropriate for all qualifying leaseholders. Acquiring a freehold can be a lengthy process, making it difficult to keep all leaseholders interested. Moreover, settling on a fair price, understanding the responsibilities of freehold ownership and coordinating all parties involved can prove challenging. Fortunately, our RICS valuers can remove many of those obstacles.
The report is excellent and was provided promptly. All aspects of the service were handled efficiently and professionally. Many thanks to Charles and the team.
Cannot recommend enough. Communication has been excellent throughout the entire process, very accommodating and fast turnaround. Everyone I have spoken to has been so helpful and kind, to make a difficult process much easier.
Excellent and professional services by Mr. Ali. I am indeed very pleased. I will recommend to my friends and others who wants to avail the services of Harding Chartered Surveyors.
Very professional and diligent in their assessment. Our surveyor Alaa Ali has been very responsive and patient with all of our queries providing excellent professional advice on the matter. Will definitely recommend them.
I would thoroughly recommend this company. The appointment for a surveyor came quickly. The surveyor was thorough and explained the items he found wrong. The report came through very promptly.
We received fantastic service from Harding Chartered Surveyors. The report by Kash was comprehensive, and his survey was thorough but unintrusive. Although our needs were not urgent, we managed to get an appointment for the survey to be carried out within a week and the report itself was delivered well within the two week period that they quote. I highly recommend them and understand why they are the surveyors of choice for so many home-owners and buyers in the area as well as banks and building societies.
Jessica came to survey my flat for a valuation. She was very fast and professional, I received the report back in under a week. I will use Hardings again.
Alaa helped me with some structural engineering queries and calculations. I am extremely happy with the service he provided: first of all for his solid and professional advices and the high quality work delivered, secondly for the availability Alaa showed during the visit and in answering follow up questions. I was also a bit in hurry with the project and Alaa was very responsive and managed to finish everything in just a few days.
Discuss Collective Enfranchisement Valuations with a RICS valuer
Qualifying leaseholders can benefit in more ways than one by purchasing their freehold building, but it’s crucial to find out whether it’s the right choice for you. Our London-based RICS valuers can help you secure peace of mind about the future of your comfort and finances, and because we work completely independently of lenders, you can trust that we prioritise your best interests.
If you’d like to discuss collective enfranchisement with a RICS registered valuer directly, don’t hesitate to contact the experts at Harding Chartered Surveyors on 020 3598 6730.