Consider the following 7 top tips when you consider buying your freehold:
- Be realistic in your expectations and timescale
- Keep everyone informed on what is going on
- Establish a fighting fund; it shows commitment
- Establish clear organisation and leadership among residents
- Be clear as to why you want to buy the freehold and become your own landlord
- Retain solicitors, valuers and managing agents who have experience of the process
- Understand your objectives for the building
