Cost guide
How much does a Freehold purchase (enfranchisement) cost?
Thinking about buying your freehold or extending your lease? It's a big step towards owning your home outright or securing its value for longer. We understand it can feel a bit daunting, but it's a worthwhile investment. This guide helps you understand the likely costs involved. You can compare free, no-obligation quotes from trusted UK legal and surveying firms right here on CertifySpace.
Typical price
£1,500 to £5,000
What changes the price
Property value
More expensive properties often mean higher costs for the freehold itself and the professionals involved.
Lease length remaining
Shorter leases can make the enfranchisement process more complex and potentially more costly.
Ground rent payable
High or escalating ground rent can increase the premium you pay to buy your freehold.
Number of flats
For collective enfranchisement, more flats can spread legal and surveying fees among owners.
Professional fees
You will need a solicitor and a surveyor; their fees vary based on experience and location.
Landlord's costs
You are typically responsible for your landlord's reasonable legal and surveying costs too.
Prices by region
| Region | Low | Typical | High |
|---|---|---|---|
| London | £2,500 | £4,000 | £7,000 |
| South East | £2,000 | £3,500 | £6,000 |
| South West | £1,800 | £3,000 | £5,500 |
| East of England | £1,800 | £3,000 | £5,500 |
| Midlands | £1,600 | £2,800 | £5,000 |
| North West | £1,500 | £2,700 | £4,800 |
| North East and Yorkshire | £1,500 | £2,600 | £4,500 |
| Scotland and Wales | £1,500 | £2,600 | £4,500 |
Questions people ask
What is the biggest cost when buying my freehold?
Often, the largest cost is the 'premium' you pay to the landlord for the freehold itself. This figure is determined by various factors like property value and lease length.
Do I need a solicitor and a surveyor?
Yes, absolutely. A specialist solicitor will manage the legal process, and a surveyor will value the freehold to ensure you pay a fair price.
Can I do it without professional help?
While technically possible, it is not recommended. The process is complex and specialist expertise helps protect your interests and avoid costly mistakes.
What if my landlord refuses?
If your landlord initially refuses or does not respond, there is a legal framework that allows you to pursue your rights. Your solicitor will guide you through this.
How long does buying a freehold take?
The timeline can vary greatly, from a few months to over a year, depending on complexity and how quickly both parties respond. Patience is key for this process.
Are there other costs besides the premium and fees?
You might also face Land Transaction Tax (Stamp Duty Land Tax) on the freehold purchase. Your solicitor can advise if this applies to your situation.