Buying the building outright
If you own a flat through a lease, you may be able to buy the whole building with other leaseholders. This is possible when at least 66% of the flats in the building are leasehold.
You will need to pay the market price. Once bought, your leaseholder group can manage the building as you wish. This process is called enfranchisement.
If all flats in the building are leasehold, you may be able to buy the building more cheaply using rights in your lease. To learn more, fill out the lease extension or buy the freehold form
Making your lease longer
After owning your flat for 2 years, you can add 90 years to your lease at any time.
You will need to pay the market rate for this extension.