Main reasons to start your Balham lease extension

Main reasons to start your Balham lease extension today:

A Balham lease depreciates with the years remaining on the lease.

On the balance of probabilities if you own a flat in Balham you actually own a long leasehold interest over your property

An extended lease is almost the same value as a freehold

It is generally considered that a residential leasehold with more than 100 years unexpired lease term is worth roughly the equivalent as a freehold. Where an additional ninety years added to all but the shortest lease, the premises will be worth the same as a freehold for decades to come.

Banks and Building Societies will not loan monies on a short lease

Why use us for your lease extension in Balham?

Regardless of whether you are a tenant or a freeholder in Balham,the lease extension solicitors that we work with will always be willing to discuss any residential leasehold matters and offer you the benefit of their experience and the close ties they enjoy with Balham valuers.

Balham Lease Extension Case Summaries:

Isabel, Balham, South West London,

Off the back of unsuccessful discussions with the landlord of her two bedroom flat in Balham, Isabel initiated the lease extension process just as the lease was nearing the all-important eighty-year threshold. The legal work was finalised in March 2012. The landlord’s fees were kept to an absolute minimum.

Balham case:

Last year we were phoned by Dr S Turner , who moved into a ground floor flat in Balham in April 2012. We are asked if we could estimate the price would be for a 90 year extension to my lease. Comparative flats in Balham with an extended lease were in the region of £265,000. The mid-range amount of ground rent was £50 collected quarterly. The lease terminated on 8 March 2099. Given that there were 73 years unexpired we estimated the compensation to the freeholder to extend the lease to be between £9,500 and £11,000 not including costs.