Specialist advice on freehold interest of a house
Strettons has been advising on the voluntary and statutory acquisition of houses held on long leases for 2 decades.
Our team has significant knowledge of the process and the market, helping our clients to achieve the right outcome, whether acting for the freeholder or the leaseholder. This valuation process is complex, from choosing the correct method to the rules around what valuation types are available. Whichever route you choose can make a significant difference to the outcome.
Our expertise and knowledge allow us to advise on the following issues that can arise in a claim:
- Advise on which basis the premium is to be calculated, whether it be the Site Value basis (under the Leasehold Reform 1967 Act) or the Special basis, which includes the building
- What capitalisation rate to use to compensate the freeholder for the loss of rent
- What Deferment Rate to use to compensate the freeholder for the loss of their reversion
- The maximum development potential for the site on which the house sits
- The modern rental value of the site on a 50 year lease
- The vacant possession value of the house disregarding improvements
- The Marriage Value when not valuing under the 1967 Act
- The breakdown of the premium where it must be shared by the freeholder and intermediate parties
Our freehold purchase team
How can we help?
If you are considering purchasing the freehold of your house, please get in touch to ask any questions and discuss your options.
