Quote Originally Posted by Igovernor View Post
In a block of flats you cannot individually buy a the freehold, there is a percentage of all the leasholders that have to be met before you are able to collectively buy a share of the freehold, and after that you would have to form or employ a maintenance company to look after the property, one big adavantage that you would have is that you would not have to pay ground rent.
Thanks. I wrote previously in far too much of a hurry. As a former landlord I came across this issue previously. That is why I suggested that in a block leaseholders should gather together and best all get involved. Otherwise the remaining owners who do not buy their freehold (and do not form part of the new management company) will be adversely affected. The law requires a 50% threshold to be met but for all practical purposes all flat owners should be involved. Of course in the OP's case we do not know the kind of flat he is enquiring about. Obviously the fewer number of flats the better.