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About the right to buy the freehold, you don't need all flats to be committing. However if some of the owners can't make that investment, someone still has to pay for their share (of freehold ). You could build-up a group of residents willing to buy out all the shares ?
Effectively you'd become a freeholder :)
@glws thanks (re broker), and fuck (on cost increase).
@leggy_blonde don't know what PD rights are but it's gone to the planning department already so definitely a planing application.