Stephensons Trustpilot stars
Based on count 1569
View all reviews

Leasehold enfranchisement - London conveyancing

Leasehold enfranchisement is the process of either extending the lease on a leasehold property or purchasing the freehold (or a share of it, in the case of flats). Whilst both houses and flats can be leasehold, it’s far more common in flats, especially in areas of the country such as London.

A leasehold property is one where the leaseholder has bought the right to live in the property for the duration of the lease, but the freeholder retains ownership of the land and if the lease were to expire, the property would revert back to them. Most leases are between 99-125 years when issued, and as they run down over time, it can have an impact on the property value, especially when the lease gets down to anything below around 85 years, which is considered to be ‘short’.

If your remaining lease length has fallen below this, or you wish to sell the property and want to maximise the value, you may consider leasehold enfranchisement, in which case you will need experienced enfranchisement solicitors to handle the legal aspects of the transaction, whether you’re looking to extend the lease or purchase a share of the freehold.

Get in touch with our specialist leasehold enfranchisement solicitors to find out more by calling 0161 696 6187 .

loading staff

Collective enfranchisement in London

If you are the leaseholder of a London flat and wish to purchase a share of the freehold, you will need to join together with any other leaseholders in the same building so that together you purchase the freehold for the entire property. To do this, you will need the assistance of collective enfranchisement solicitors with the legal process.

There are some eligibility criteria for enabling collective leasehold enfranchisement, which can be complex in larger properties with multiple leaseholders. Currently, in order to purchase the freehold, the property can qualify if:

  • At least two-thirds of the flats are owned by leaseholders who have more than 21 years remaining on their leases
  • It contains two or more flats owned by leaseholders who have more than 21 years remaining on their leases
  • It is a self-contained building or part of a building
  • The freeholder (or a close relative) doesn’t live in part of the property

If you are unsure whether your property qualifies or whether you as a leaseholder qualify, a specialist in leasehold enfranchisement can help to clarify your specific situation.

Owning a share of the freehold means that leaseholders no longer have to pay ground rent to the freeholder and can make decisions about repair, maintenance or improvement works to the property between the collective group instead. It can also increase the resale value of the property in some cases.

Why choose our leasehold enfranchisement solicitors?

Stephensons have a highly experienced conveyancing and leasehold enfranchisement team, helping people to successfully extend their property’s lease or purchase a share in the freehold of the building.

With a proven track record of helping many leaseholders with what can be a daunting and complex process, we offer specialist legal support you can trust.

Get in touch to find out more by calling 0161 696 6187 .

4.5out of 10
4.5 score on Trustpilot Based on count 1569

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

Support for first time buyers

With the cost of living increase being at an all-time high (at its highest rate in 40 years) stepping on the property ladder as a first time buyer may seem more daunting than ever. For many first buyers, it is possible they will pay less in monthly...

Read more

Twitter block 1 tweet


Inheritance Tax hits more homeowners

HMRC have recently published tax receipt data which shows that the amount received by the government in Inheritance Tax between April and May 2022 has increased by £100 million over the same time last year. It’s probable that this is because...

Read more

Staff reorder - conveyancing

  • David Baybut
  • Natalie Bradley​
  • ​Michelle Stevens
  • Gillian Cooke
  • Natalie Waddington
  • Rebecca Fletcher
  • Kimberley Parr
  • Noel Davies
  • Karis Loxham
  • Kate Williams
  • Kate McDonough​
  • Alison Fanning
  • Natalie Penman
  • Jenny Prescott