Lease Extension Solicitors
If you are the owner of a leasehold property and wish to extend the lease, it’s important to take expert advice at the earliest opportunity.
Our specialist property lawyers can help you establish whether you qualify for a lease extension. It’s worth noting that premiums can rise sharply if you allow the leasehold term to drop below 80 years before exercising your right to extend. As a general rule, the shorter the lease, the more expensive it is to gain an extension.
Recent legislative changes have done much to simplify as well as enhance extension rights. These new rights are helpful to homeowners as a longer lease can add significantly to the value of an apartment.
For each year that passes, the value of a lease diminishes. Mortgage lenders set minimum requirements for the number of years left to run on a lease both at the beginning and the end of the mortgage term. In some circumstances, this can be a major deterrent to securing a sale of your leasehold property.
We take a practical commercial approach, with a range of legal tools at our disposal such as deferments and the right to intermediate landlords.
PLEASE NOTE THAT FDR LAW IS CURRENTLY NOT DIRECTLY PROVIDING CONVEYANCING SERVICES. WE WOULD BE DELIGHTED TO ASSIST YOU THROUGH TAYLOR ROSE MW - PLEASE SEE BELOW OR VISIT THE TAYLOR ROSE LEASE EXTENSION PAGE
This is a complex area of property law where it pays dividends to take early specialist advice. For more information about how we could help you, contact us on 01925 230000. FDR Law is now part of the AIIC Group, which includes top 60 UK law firm Taylor Rose MW. We now offer the same legal services as before as part of the Taylor Rose MW Warrington team.