Stop! Your Lease Extension in Queen's Park Could Be FREE

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Many leaseholders in Queen's Park are unaware that their original lawyer had a duty to warn them about future mortgageability and saleability issues. Before you pay thousands to your freeholder, let us audit your purchase history. You might have a claim that pays for your lease extension in full

If you are facing a significant premium because your lease in Queen's Park has dropped toward the 80-year mark, your previous lawyer may be at fault. Our panel of experts specialise in recovering lease extension costs from negligent firms who failed to protect your investment.

Why you should start your Queen's Park lease extension

Main reasons to start your Queen's Park lease extension today:

Increase your lease and increase your Queen's Park property value

Queen's Park residential property held on a long lease is a depreciating asset as the leaseholder merely owns the property for a period of years.

An extended lease has roughly the same value as a freehold

It is conventional wisdom that a property with more than one hundred years remaining is worth approximately the same as a freehold. Where an further 90 years added to any lease with more than 30 years left, the premises will be equivalent in value to a freehold for decades to come.

Banks and Building Societies may decide not to loan monies on a short lease

Banks and Building Societies are less likely to issue a mortgage on a residential flat in Queen's Park with a short lease. Many lenders simply refuse a mortgage on leases with under 75 years remaining.

Lender Requirement
Bank of Scotland
Birmingham Midshires
Coventry Building Society
National Westminster Bank
The Mortgage Works

What makes us experts in Queen's Park lease extensions?

Lease extensions in Queen's Park can be a difficult process. We recommend you obtain guidance from a conveyancing solicitor and valuer well versed in the legislation and lease extension process.

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 Queen's Park lease extensions and further afield, as well as any potential issues which may arise as well as problems with the Leasehold Valuation Tribunal.

Queen's Park Lease Extension Example Cases:

George, Queen's Park, North West London

Half a year ago George, started to get near to the 80-year threshold with the lease on his one bedroom flat in Queen's Park. In buying his flat two decades ago, the lease term was of minimal relevance. Fortunately, it dawned on him that he needed to take steps soon on Extending the lease. George arranged for a lease extension just in the nick of time last June. George and the freeholder via the management company in the end agreed on an amount of £5,000 . If the lease had descended below eighty years, the sum would have become more costly by a minimum £875.

Queen's Park case:

Mr and Mrs. H Brooks was assigned a lease of a first floor flat in Queen's Park in October 1996. The dilemma was if we could shed any light on how much (roughly) price would be to prolong the lease by a further 90 years. Identical flats in Queen's Park with a long lease were worth £210,600. The average amount of ground rent was £45 invoiced annually. The lease concluded on 1 May 2088. Having 62 years unexpired we approximated the premium to the landlord for the lease extension to be within £18,100 and £20,800 plus legals.

Decision in Brent

An example of a Freehold Enfranchisement case for a Queen's Park premises is 4 & 4A Charteris Road in June 2009. the Tribunal held that the price to be paid for the enfranchisement of 4/4a Charteris Road to be £15,510 for at 4and £15,694 for at 4a This case affected 2 flats. The unexpired residue of the current lease was 70.02 years.