Buying Freehold From Duke Of Norfolk

[topflat29]

Here is a link to free guide to valuation for buying the freehold of a leasehold house :

 

http://www.lease-advice.org/advice-guide/leasehold-houses-valuation-for-enfranchisement/

 

You need to use the annual ground rent and market value of house.

[Jeffrey Shaw]

Here is a link to free guide to valuation for buying the freehold of a leasehold house :

 

http://www.lease-advice.org/advice-guide/leasehold-houses-valuation-for-enfranchisement/

 

You need to use the annual ground rent and market value of house.

Yes, the Leasehold Advisory Service is a reliable source of information; it's funded by HM but run independently.

But another factor- omitted by you- in valuing the freehold reversion is how many years remain unexpired of the lease's original term.

[stylefree]

Thinking of buying freehold on our house but cannot find contact details for duke of norfolk 

Ground rent has never been requested .

Any help appreciated as been quoted £200 per hour just to get process started to find these details so advised to try and find these details so request can be made to start process 

Thanks 

[Tony]

Contact Fowler Sandford.

[Jeffrey Shaw]

On 17/07/2020 at 10:20, stylefree said:

Thinking of buying freehold on our house but cannot find contact details for duke of norfolk 

Ground rent has never been requested .

Any help appreciated as been quoted £200 per hour just to get process started to find these details so advised to try and find these details so request can be made to start process 

Thanks 

If you've never been billed, how do you know for sure that the Duke of Norfolk owns the freehold reversion?

You could start with HM Land Registry and see if the freehold reversion is registered or not.

See https://eservices.landregistry.gov.uk/eservices/FindAProperty/view/QuickEnquiryInit.do

but look for the freehold title- under a title number different from your own leasehold.

[stylefree]

Any ideas on what the procedure is or how to go about it 

i.e. do you have to  write letters or fill in some forms etc

and how long might it take

[Jeffrey Shaw]

3 hours ago, stylefree said:

Any ideas on what the procedure is or how to go about it 

i.e. do you have to  write letters or fill in some forms etc

and how long might it take

Yes, I do. This is part of my business, of course.

A valid Notice of Claim is needed. How long it takes? Ah, that's like a 'piece of string' question.

But usually it takes months (not weeks) from start to completion; then up to a year in registration of title.

[geared]

On 03/08/2020 at 13:41, stylefree said:

Any ideas on what the procedure is or how to go about it 

i.e. do you have to  write letters or fill in some forms etc

and how long might it take

 

If you're trying to sell a house you can put in the notice of claim and then pass it on to the buyer, saving them a couple of years waiting around to buy it themselves.

Jeffrey will know the details, being a solicitor in this field.

[stylefree]

is it worth waiting a few years, hoping leasehold reform might make some changes and make it easier to acquire freehold?

[Jeffrey Shaw]

5 hours ago, stylefree said:

is it worth waiting a few years, hoping leasehold reform might make some changes and make it easier to acquire freehold?

That depends on:

a. how long it will take for any new legislation to be drafted AND debated AND enacted AND brought into force (likely to be at least 3yrs but probably more); and

b. how many years are unexpired on the existing lease (if < 81, get cracking without delay and don't worry about whether any such legislation ever emerge; you've much more to lose right now!)