Why Should I Extend My Lease?
What’s the problem?
The lease of your flat gets shorter every year. As a result of this a lease is a wasting asset and if you let the length of your lease drop too low it can seriously reduce the value of your property.
Call us free on 0800 830 3388 for a no obligation consultation.
What’s the solution?
Fortunately, the law has provided a solution; all flat owners in England and Wales who satisfy some fairly straightforward conditions are entitled to add a further 90 years to the term of their lease in return for a payment (often called a premium) to their landlord. The law also provides a formula for working out the premium so it is not simply up to the landlord to pluck a figure out of the air! You also have the right to insist that once your lease is extended you won’t have to pay any more ground rent, so no more cheques to the landlord every year.
Call today 0800 830 3388 to find out how we can help.
Why can’t I just leave it until I sell my flat?
This is rarely a good idea. Potential buyers may be put off by a short lease and either, not make an offer in the first place or, pull out as soon as they become aware of the issue. Some buyers might be interested but insist on the lease being extended before they buy which will cause delays and increase your conveyancing fees.
If you find a buyer who is happy to buy your short lease they will invariably want to reduce the price, often by more than it would have cost you to extend the lease yourself.
Call us on 0800 830 3388 to find out more.
Won’t it cost a lot to extend my lease?
Not necessarily, extending your lease could cost less than you think and don’t forget that under your new lease your ground rent will disappear, savings you money every year.
For your peace of mind our charges are fixed so there’ll be no nasty surprises when you get our bill.
Contact us here to get your free quote.
Why choose Lease Extension Solicitors?
We are specialist lease extension solicitors. We’ll guide you through the process using plain English and you’ll always be kept up-to-date.
Your file will be handled by a partner with years of experience of lease extensions and they’ll be at the end of the phone throughout the process.
Don’t forget our fees are fixed.
The clock is ticking
The longer you leave it to extend your lease the more it could cost you. So, why not seize the initiative and call Mark Coupe today for a friendly, no-obligation consultation on 0800 830 3388, or email email@example.com.
Want to find out more?
Receive a Detailed Quote and a Handy Guide
If you are interested in hearing more about extending your lease, please submit the form below or call us on 0800 830 3388 for a free chat with no obligation.
Save up to 40%
With group discounts
When more than one of you extends your lease in the same block, we are happy to offer you the discount set out here:
2 - 4 flats
5 - 9 flats