Freehold - right of first refusal.
Discussion
Does anybody have any experience of buying freeholds?
We live in a semi-detached house but the ground is on on 700 odd year lease. We got a letter last year to loet us know the freeholder had changed, but thought nothing of it at the time.
We are now looking at buying the freehold, but believe there is some form of "right of first refusal" whereby if the freehold is sold, then the leaseholder should have first refusal. Looking at various websites though, this seems to refer more to the freehold on blocks of flats, and the tenants buy the freehold between them.
Is there anything similar that applies to individually owned houses, and does anybody have any knowledge in this area?
Thanks!
We live in a semi-detached house but the ground is on on 700 odd year lease. We got a letter last year to loet us know the freeholder had changed, but thought nothing of it at the time.
We are now looking at buying the freehold, but believe there is some form of "right of first refusal" whereby if the freehold is sold, then the leaseholder should have first refusal. Looking at various websites though, this seems to refer more to the freehold on blocks of flats, and the tenants buy the freehold between them.
Is there anything similar that applies to individually owned houses, and does anybody have any knowledge in this area?
Thanks!
Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff