This is a website for leaseholders who are looking to buy a share of their freehold through a process called collective enfranchisement. There is a calculator which, if you plug in the value of your home now, how many years you have left on the lease, and what your yearly ground rent is, will tell you roughly how much you might have to pay and how that figure is arrived at. |
The calculator is there to help give you a ballpark figure, I am not claiming it is an absolute answer. Numerous variables about the state of the economy (like various long term interest and inflationary rates) all feed into the calculation and the values for these are often fiercely disputed. I have attempted to provide sensible suggested values for these rates based on recent arbitations by judges in tribunals.
I would strongly advise seeking legal counsel before making decisions based on the numbers that come out of this calculator.
Anyway, I hope this is helpful.