Success Stories 2

Freehold acquisition – formal (legal) transaction – London
The flat owners of a property in South Kensington's Onslow Square contacted Leasehold Solutions after receiving Section 5 Notices from their freeholder, The Wellcome Trust, giving them the 'right of first refusal' to purchase their freehold.

Leasehold Solutions managed the entire project, including coordinating the initial valuation, serving relevant legal Notices, setting up a freehold company, contacting absentees and negotiating with the freeholder. 16 out of 26 flats in the building took part and the transaction completed on schedule, just a few months after receipt of the Section 5 Notices.

"I know from experience that these things can be more complicated than expected. Leasehold Solutions provided a superb service, every step of the way."
– Mr Horton, Chairman of the freehold company.

To read the article in the Evening Standard that featured this transaction, please click here.

Freehold acquisition – informal transaction – West Sussex
The estate management company of a block in Haywards Heath, West Sussex invited Leasehold Solutions to its AGM to discuss how the flat owners could benefit from our service.

The freehold had already been offered to the flat owners for approximately £90,000. Leasehold Solutions instructed a firm of valuers, which managed to negotiate a reduction of approximately £18,000. Having agreed this price with the freeholder, Leasehold Solutions wrote to all the flat owners inviting them to take part, providing a complete breakdown of all the costs involved. A total of 42 flat owners (82%) took part, which was higher than anticipated, and the cost per participant was therefore significantly lower than originally quoted.

"We were pleased that the process went as smoothly and efficiently as it did. We would recommend other flat owners in a similar position to ours to their service."
– Mrs Meadows, Haywards Heath

"They were very helpful and efficient, and the whole process was over quickly."
– Mr Scarlett, Haywards Heath

"The whole process was easy-going. Leasehold Solutions was very informative and helpful."
– Mrs S Knight, Haywards Heath

Lease extensions – informal transaction – Kent
Leasehold Solutions identified this property in Bexleyheath, Kent as having leases nearing the critical 80-year mark and approached the freeholder to establish whether they were prepared to negotiate the sale of the freehold or lease extensions informally on favourable terms to those offered to individual flat owners.

Although the freeholder was unwilling to sell the freehold, they were willing to negotiate on bulk lease extensions. The flat owners were already responsible for the management of the property and therefore pursuing the outright purchase of the freehold was not necessary. Leasehold Solutions put together a competitive fixed-price package and one-third of the flat owners took advantage of the offer.

"Leasehold Solutions were very thorough and helpful. They saved us a lot of hassle and kept us well informed throughout the whole process."
– Mrs Brady, Bexleyheath

"Leasehold Solutions delivered what they promised. They were efficient and prompt."
– Ms Hughes, Bexleyheath

For further information on extending your lease or buying your freehold, please call us free of charge on 0808 1311 109, email us at info@leaseholdsolutions.com or complete our online form.