Introduction: Why Buying Your Freehold is a Smart Investment

Overview of the benefits of buying the freehold, with a focus on the long-term advantages.

More Control Over Your Property

The ability to manage your block or choose a managing agent, as well as the benefits of having control over the insurance and commission payments.

Affordable Service Charges and Healthy Reserve Funds

How buying the freehold allows for setting fair service charges and establishing a reserve fund for large structural works.

Improved Contractor Management and Cost Efficiency

The freedom to appoint the best value contractors for maintenance services, like gardeners and cleaners.

Financial Benefits and Future Windfalls

Discussing ground rent income from non-participating flats and the potential for future financial windfalls from lease extensions.

Increasing Property Value and Ease of Sale

How flats with a share of the freehold are more valuable and easier to sell, along with tips for minimizing the cost of the process.