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Right to Manage Buy a Company Buy Your Freehold Lease Extension How much will it cost? The aim of the Leasehold Guidance Service (part of the Ringley Group www.ringley.co.uk) is to satisfy the desire for information and deliver a menu of services enabling customers to pick the support they need. Our core services are as follows: Right to Manage Buy a Company Buy Your Freehold Lease Extension All our services are designed to give you maximum flexibility and control. However, if you are keen to proceed but would prefer us to manage the process for you the Leasehold Guidance Complete Service may well be what you are looking for. For a technical breakdown of our services with prices see below: VALUATION SERVICES Product/Service Price A valuation to determine a reasonable premium for your lease extension From £400 A valuation to determine a reasonable premium to buy your freehold / collectively enfranchise From £500 A Chartered Surveyor to attend Leasehold Valuation Tribunal From £125 per hour A Chartered Surveyor to negotiate with your Landlord From £500 (see note below) Note: Initial package set at £500 to allow 3-4 hours negotiation during which factual matters can be agreed & valuation differences established (may just be 1 part of valuation). In our experience about 80% of cases are settled within this allowance or it is established that expectations are too wide apart and that lodging a case with the Leasehold Valuation Tribunal will be required. LEGAL SERVICES Product/Service Price Set up a Right to Manage Company formed specially for you From £160 Confirm legal ownership for service of Notices From £10 (depends on number of flats) Serve a Participation Notice for Right to Manage From £250 (depends on number of flats) Serve an initial notice claiming a statutory lease extension (an additional 90 years) From £250 (depends on whether there is an intermediate landlord) Serve a notice claiming your right to Buy the Freehold From £250 (depends on number of flats and whether there is an intermediate landlord Set up a Company through which to Buy your Freehold From £160 Execute your deed of variation, register it with the Land Registry & your mortgagee £400 Lodge your case with the Leasehold Valuation Tribunal £150 + LVT Case Fee (from £350) ESTATES SERVICES Product/Service Price Instruct our Estates Division to support you with advice and counselling from starting the Right to Manage process to full block management From £500 (including 6 months support and initial set up for block management) A valuation to determine a reasonable premium to buy your freehold / collectively enfranchise From £500 Instruct our Estates Division to manage your block after you have acquired it - either through Right to Manage or Freehold Purchase For more on Premium & Standard Services see: www.ringley.co.uk/estates For more on Self Management see: www.supportunit.co.uk Premium Service from £2,500 per annum (depending on number of flats) Standard Package from £1,750 per annum (depending on number of flats) Support for those who want to Self Manage from £525 per annum (depending on number of flats) Back to the top Visit the Leasehold Advisory Service for independent advice on leasehold issues. www.lease-advice.org

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