If you’ve decided to extend the lease on your existing flat or a property you are buying, you’re considering buying the freehold of your leasehold house, or you’re clubbing together with your neighbours to buy the freehold of your block (known as “collective enfranchisement”), you will need to obtain a professional valuation. In this article, Henrietta Hammonds member of ALEP’s Advisory Committee considers the importance of valuation in relation to the enfranchisement of leasehold properties.
