How to purchase the freehold of your property
Do you currently own your residential property from Liverpool City Council on a 999 year lease? If so, the council is offering you the opportunity to purchase the freehold interest in your property.
Please note, it can be withdrawn, and fees are subject to annual increases.
Who can apply?
If your residential property is subject to a 999 year lease from the council and you are the named leaseholder you may be eligible to purchase the freehold interest.
Benefits of owning the freehold interest
Are you aware that under the terms of your lease you need to seek the council’s consent to undertake alterations to your property, for example the addition of an extension or any structural alterations or the fitting of solar panels.
You may also be required to seek consent to sell your lease to another party or to take out a mortgage on the property. Each time you seek a consent, you pay a fee to the council of at least £1,500.
Therefore, it may be more economical to own the freehold. Owning your freehold can also make any future sale of the property easier and less costly.
How much?
The cost of the freehold interest in your property is currently set at £2,197. This figure includes our surveyor’s fees of £500 and legal costs of £497. It excludes any outstanding ground rent if any is owed.
Register your interest now
Contact our project team to register your interest
We will not request any payment upfront when you register an interest.
What happens next?
Once you register your interest, we will contact you within five working days.