Brynford Lease Extension - Free Consultation

Before you progress with your lease extension in Brynford
Get a quote from one of our lease extension experts with over 20 years experience.

Let them guide you for FREE on the various options available to you.

It may end up saving you thousands.

Top reasons for Brynford lease extension


Why you should start your Brynford lease extension today:

Increase your lease and increase your Brynford property value

The market value of Brynford leasehold residential property falls as the lease term becomes shorter and this will have an impact on its saleability. The expense of extending the lease can increase substantially once the unexpired lease term is less than 80 years

Brynford property with a lease extension has roughly the same value as a freehold

It is conventional wisdom that a property with over one hundred years remaining is worth approximately the same as a freehold. Where an further ninety years added to all but the shortest lease, the premises will be equivalent in value to a freehold for decades to come.

Mortgage lenders may not grant a mortgage with a short lease

Banks and building societies are distinct in their lending requirements. Some draw the line at seventy five years left on the lease; others may be content with anything in excess 70 years. Below sixty years, it may be problematic to get a mortgage at all.

Lender Requirement
Accord Mortgages 85 years from the date of completion of the mortgage. Please ensure that you explain the implications of a short term lease to the borrower.
Barnsley Building Society 60 years from the date of the mortgage application subject to 35 years remaining at the end of the mortgage term.
Lloyds TSB Scotland Minimum 70 years from the date of the mortgage.
TSB Minimum of 70 years at mortgage commencement, with 30 years remaining at mortgage redemption.
Royal Bank of Scotland Mortgage term plus 30 years.

Why use us for your lease extension in Brynford?

Lease extensions in Brynford can be a difficult process. We recommend you get guidance from a conveyancing solicitor and valuer with experience in lease extensions.

We provide you with an expert from a selection of lease extension solicitors, which ensures a targeted and efficient service as you have a dedicated port of call with an individual lawyer. Our lease extension solicitors have a wealth of experience procuring Brynford lease extensions and further afield, as well as any potential issues which may arise as well as problems with the Leasehold Valuation Tribunal.

Brynford Lease Extension Case Studies:

Jodie, Brynford, Flintshire,

Subsequent to protracted correspondence with the landlord of her purpose-built apartment in Brynford, Jodie commenced the lease extension process as the 80 year threshold was rapidly coming. The legal work was concluded in July 2011. The landlord’s fees were restricted to slightly above 450 GBP.

Brynford case:

Last Summer we were phoned by Mr B Michel , who took over the lease of a one bedroom apartment in Brynford in September 2008. We are asked if we could approximate the premium could be for a ninety year lease extension. Comparative properties in Brynford with a long lease were in the region of £260,000. The mid-range ground rent payable was £50 billed per annum. The lease terminated on 21 June 2098. Taking into account 73 years remaining we approximated the premium to the freeholder to extend the lease to be within £9,500 and £11,000 exclusive of professional charges.

Brynford case:

Last Autumn we were contacted by Mr S White , who bought a one bedroom apartment in Brynford in July 2004. The question was if we could approximate the premium could be to extend the lease by ninety years. Similar properties in Brynford with an extended lease were worth £264,000. The average ground rent payable was £60 invoiced per annum. The lease lapsed on 12 August 2078. Having 53 years remaining we calculated the premium to the freeholder for the lease extension to be within £37,100 and £42,800 plus professional charges.