Leasehold properties are a diminishing asset. Buying the freehold of your building (collectively enfranchising) provides long term security of tenure for the leaseholders and allows the owners to benefit from the full increase from any future rise in the values. The difficulty of organizing and financing a collective claim means few qualifying blocks actually take this course of action. Consequently, this means flats which have a share of the freehold interest attract a premium.
We work exclusively on behalf of leaseholders and we have one of the most comprehensive databases of lease enfranchisement settlements, Tribunal decisions and property sales of any firm of agents in London. These records assist us in negotiating very effectively against landlords agents and we have no doubt at all that, should you decide to instruct us, we shall achieve the most advantageous agreement on your behalf. John D Wood & Co. has been acting on behalf of leaseholders with regards to lease extension and freehold enfranchisement work for more than 40 years.
James Wyatt F.R.I.C.S., M.C.S.I., Tel: 020 7908 1110 or Email: jwyatt@johndwood.co.uk