Purchase share of freehold in a shared ownership property

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    Purchase share of freehold in a shared ownership property

    I live in a building with 3 flats. I own part of my flat on a shared ownership scheme. The other two flats are owned outright. The other flat owners are interested in buying the freehold. How would this affect me, would I be able to take part in this despite only owning part of my flat?

    Your S.O. lease would be entirely unaffected by any change in freehold reversioner; it'd just be a new L.
    If you can afford to participate, there's no reason why the others would turn you down; your joining-in would save them money!
    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
    4. *- Contact info: click on my name (blue-highlight link).


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