Call us on: 020 3137 7250
Recent Success stories:
Our client (Ms. L T) owns a flat with 69 years remaining on her lease. Her Freeholders indicated that they would be looking for a premium of between £20,250 - £27,000, with ground rent increasing to £300 p.a., to extend her lease by 55 years. We were able to agree a figure of £9,500, at zero ground rent, and secured an extension of 90 years.
Our client (Mr. C I) is the leaseholder of a flat whose freeholder is a professional landlord with great experiece of leasehold enfranchisement. It was obvious from the outset that there was considerable animosity between the two! The freeholder had indicated that my client could expect his lease extension to cost at least £9,000 (including expenses). We were able to negotiate a premium of £6,500 with expenses limited to £750.
Contacting Lease-Increase because she had previously found her freeholder "difficult", our client (Ms. J H) asked us to value and then negotiate her lease extension. The freeholders, who own a considerable number of ground rent investments, asked for a premium of £28,800. We were able to agree a figure of £24,000.
Initially, our client's (Mr. C W) freeholders wanted him to pay them £930 before they would even quote a figure for his lease extension. We served a Section 42 Notice on the freeholders requiring them to respond with a counter-offer. They proposed £25,694 for a statutory lease extension. Following negotiations between us, we agreed a new term of 125 years, ground rent of £200 p.a. (increasing) and a premium of £15,998.
Lease-Increase is the trading name of Awfully Ltd., whose registered office is Midway House, Staverton Technology Park, Cheltenham, GL51 6TQ