Selling Freehold Interest
We understand that owning a freehold can be a difficult and time consuming task. Your responsibilities may include insuring the building and making sure ground rent and insurance premiums are paid, together with managing the maintenance contract. With all of this to consider, it’s little wonder people think about selling their freehold interest, removing the headache and releasing some much needed capital.
To start the selling process, we just need some basic information:
This information allows us to determine the value of the freehold and provide you with an offer.
What Happens Next?
We’ll use the information you’ve provided to carry out market research to calculate an approximate value. We will then provide you with a verbal offer, which will be confirmed in writing.
If you decide to accept, we will advise you to offer any qualifying lessees the Right of First Refusal (RFR) by serving the relevant notices. Alternatively, we can arrange this on your behalf. If you don’t receive an acceptance within the specified timeframe, we will instruct our legal representative to begin the paperwork.
We aim to complete the transaction within two to four weeks of receiving a contract from your solicitor. On completion, the funds will be sent to you via your solicitor.