For years people have been bound by the lease. However, the legislation has allowed the individuals purchase of freehold. It means that people can get rid of the leasehold and buy the property. However, there are many individuals who are confused that from where they can get the purchase of freehold as well as they want to know whether it would be a reliable option for them to not.
You should know that it is better to get the lease extension advice from the experts because sometimes extension is better as compared to purchase. You have to assure that once you have purchase of freehold you will not have to pay more than the actual value of the property. It is a common issue that sometimes the leaseholders have to pay more for the purchase of freehold than the actual value of the property. This is the reason that they have to suffer in the future. You have to apply for the freehold and get the approval from the court if you are planning to get the freehold of the property. Make sure that you follow all the rules and regulations required for the purchase of freehold.