Lease Extension

terrace-houses-london-uk-th-april-outside-typical-central-40618722[1]

Your Questions Answered:

Q. What Is A Lease Extension?

A. If you own a leasehold flat, and are a Qualifying Tenant, you have a statutory right to extend your lease by 90 years.

 

Q. What is a Qualifying Tenant?

A. To be a Qualifying Tenant you must have owned your flat for at least 2 years and the property must be residential, not commercial.

 

Q. Will a Lease Extension increase the value of my flat?

A. Very probably, yes.

 

Q. Will a Lease Extension give me increased security?

A. Yes. Your tenure will be secure for an additional 90 years; e.g. if you have 77 years unexpired this will become 167 years.

 

Q. Will a Lease Extension make my flat easier to sell?

A. Buyers may be put off if there are fewer than 99+ years remaining.

 

Q. Will a Lease Extension make my flat easier to mortgage?

A. If there are fewer than 70 years remaining, it is unlikely your buyer will be able to get a mortgage.

 

 

What We Can Do For You:

 

*  Free Initial Consultation, without obligation

*  We have 30+ years' experience of leasehold enfranchisement

*  We can calculate the premium you should be paying for your Lease Extension

*  We offer a full negotiation service with your Freeholder / Freeholder's agent

*  We will guide you through the process from beginning to end

*  We might be able to help you arrange any finance required

 

  

Contact us now to arrange a free, initial consultation:

Tel:  020 3137 7250 

email:  info@lease-increase.co.uk

Or complete the Contact form.

 

 

NB. Don't wait until you have a buyer for your property!

Remember that most mortgage lenders will not lend where there is a term of less than 70 years remaining on a lease.

 

 

 

Contact us now:

Tel:  020 3137 7250

info@lease-increase.co.uk