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

Get a Free Case Review
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.

Top reasons for Queen's Park lease extension

Top reasons for lease extension now:

A Queen's Park leasehold property depreciates with the years remaining on the lease.

Chances are that where you own a flat in Queen's Park you actually own a long leasehold interest over your property

An extended lease has roughly the same value as a freehold

It is generally considered that a property with in excess of one hundred years unexpired lease term is worth approximately the same as a freehold. Where an further ninety years added to all but the shortest lease, the residence will be worth the same as a freehold for many years ahead.

Lenders will not grant a mortgage on a short lease

Most banks have constrained their lending criteria in recent years and borrowers are finding it increasingly difficult to raise funding or re-mortgage against flats with shorter lease terms, particularly below seventy years as they are regarded as deficient security.

Lender Requirement
Barclays plc
Birmingham Midshires
National Westminster Bank
Santander
Skipton Building Society

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

Engaging our service gives you better control over the value of your Queen's Park leasehold, as your property will be more valuable and saleable in relation to the lease length should you decide to sell. The lawyers that we work with have a wealth of experience of handling many hundreds of lease extensions or freehold purchase transactions.

Queen's Park Lease Extension Case Summaries:

Rachel, Queen's Park, North West London,

Off the back of unsuccessful correspondence with the landlord of her leasehold apartment in Queen's Park, Rachel started the lease extension process as the eighty year mark was fast nearing. The legal work completed in September 2012. The landlord’s charges were restricted to less than 550 GBP.

Queen's Park case:

Mr and Mrs. P Flores owned a one bedroom apartment in Queen's Park in September 2007. We are asked if we could approximate the premium would likely be for a ninety year lease extension. Identical premises in Queen's Park with a long lease were worth £246,800. The average amount of ground rent was £60 collected annually. The lease termination date was in 2076. Having 50 years remaining we estimated the compensation to the freeholder for the lease extension to be between £44,700 and £51,600 not including costs.

Decision in Brent

An example of a Freehold Enfranchisement case for a Queen's Park flat 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.