We have begun the slow and painful process of buying the freehold of my flat. It's one of four in a Victorian conversion. I am aware of the procedures, legal requirements, etc.
I just wondered, is there an acknowledged % price improvement for owning the freehold vs the leasehold. One flat owner is a bit reluctant and we are hoping to persuade them to join us in buying the freehold by demonstrating that it will lead to an increase in the value of the property.
Any thoughts?
