If you have been residing in a building for a long time and you do not want to leave it then you can ask the landlord to sell you the freehold at any time. In the same way, if the property owner is planning to sell the building, then the first buying option should be given to the leaseholder to make safe investments uk.
If you are planning to freehold purchase then you must consider the following aspects first:
• The lease extension that has been granted to you must be over the time of 21 years
• The building should be disqualified by the law for any reason
• You must be the owner of the building for 2 years minimum
According to the lease extension advice, the law has also made it easier for the leaseholders to buy or take control of the freehold. Now it is a legal procedure that allows you to make an agreement with the property owner and buy the property in the market rate or buy to let uk.
So if you are looking to buy a property instead of looking for a new one purchase of freehold by leaseholder. As it will be a better and satisfactory option.