Buying my Freehold

[Mr Green]

Has anyone got experience of buying their freehold on a house they live in? My ground rent is between £50 and £75 a year and the management company in the past have been asking for over £3000 to buy it which seems way too much.
Any tips on how to get it for about half that price?

[touching cloth]

Sounds pretty cheap to me, depends though how long the lease is I suppose. If it started at 100 or thereabouts then it may be a bit of a ticking time bomb, once it dips below 80 years you'd more than likely find just extending it would be far more than that. If it's a 999 year job then less of a worry, although I still think you'd get your money back come resale anyway. How many in the block, do others want to buy?

[Mr Green]

It's a 3 bed semi detached and some houses are freehold and some aren't. Those that are, from what I've been told were bought(the freehold that is) over 10 years ago. The owners of the freehold are a management company and it's changed hands at least twice, I know that as the owner of the house I should be given first refusal but when it changed hands earlier I was not in a position to buy it,now I am it seems a bit expensive.
£3000 in the bank at 3% would earn me more than the ground rent for 12 months, but like you say it may be worth it at sale time. The house is probably worth about £150k