Collective Enfranchisement Full Inspection Valuation (Buy Your Freehold)
What and Why?
Leaseholders residing in a building can come together in a group to buy the Freehold. However, a number of conditions must be met for Leaseholders to qualify. If Leaseholders do qualify, then it is important to know how much money each participating Leaseholder will have to pay. This is more complicated than extending a lease. The report includes a thorough valuation and comprehensive report based on what we find during our on-site inspection. This is the recommended service for properties of higher value, properties located in Prime Central London, and properties with short leases. As with a Desktop Valuation, a Full Inspection Valuation will offer our three different valuations: the likely settlement premium; the offer or counter-offer we anticipate your Freeholder will make; the figure we recommend to accompany an opening offer in either formal or informal negotiations.
We will give you a flat-by-flat breakdown detailing how much each participating Leaseholder should pay. All we need from you is a copy of the sample lease and a brief property inspection of the participating flats. We will accurately measure the size of each flat and determine what its market value is in its unimproved state (improvements are to be disregarded according to the legislation). Our comprehensive report will have our complete findings, which will include the Gross Internal Area and particular property features that maybe considered. For properties of higher value, properties located in Prime Central London and for properties with short unexpired lease terms, we recommend Full Inspection Valuations. We invite you to call today to schedule a free initial consultation to discuss your situation.