Stop! Your Lease Extension in Beckenham Could Be FREE

Get a Free Case Review
Many leaseholders in Beckenham 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 Beckenham 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 Beckenham lease extension

Why you should start your Beckenham lease extension today:

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

The value of Beckenham leasehold residential property falls as the lease term becomes shorter and this will have an impact on its saleability. The expense of a lease extension can escalate significantly once the unexpired lease term is less than eighty years

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

It is generally considered that a property with more than 100 years remaining is worth approximately the same as a freehold. Where an further 90 years added to all but the shortest lease, the premises will be worth the same as a freehold for many years ahead.

Lending institutions may decide not to grant a mortgage with a short lease

Banks and Building Societies are less likely to give a loan offer on a domestic property in Beckenham with a short lease. Some lenders simply refuse a mortgage on leases with less than 75 years left.

Lender Requirement
Bank of Scotland
Birmingham Midshires
Godiva Mortgages
National Westminster Bank
Skipton Building Society

Get in touch with one of our Beckenham lease extension solicitors or enfranchisement solicitors

Lease extensions in Beckenham can be a difficult process. We recommend you get guidance from a lawyer 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 dealing with Beckenham lease extensions and further afield, as well as any potential issues which may arise as well as problems with the Leasehold Valuation Tribunal.

Beckenham Lease Extension Case Studies:

Mia, Beckenham, South East London,

Trailing protracted negotiations with the landlord of her one bedroom flat in Beckenham, Mia initiated the lease extension process just as her lease was nearing the all-important 80-year deadline. The legal work was concluded in July 2012. The landlord’s costs were kept to an absolute minimum.

Beckenham case:

In 2009 we were approached by Mr Y Bernard who, having purchased a purpose-built apartment in Beckenham in March 1997. We are asked if we could estimate the price would be to extend the lease by ninety years. Similar properties in Beckenham with an extended lease were in the region of £295,000. The mid-range amount of ground rent was £45 billed monthly. The lease lapsed on 5 September 2101. Taking into account 75 years remaining we calculated the premium to the landlord for the lease extension to be within £8,600 and £9,800 exclusive of fees.

Decision in Bromley

An example of a Freehold Enfranchisement matter before the tribunal for a Beckenham flat is 26 Manor Road in July 2010. the Tribunal decided that price to be paid for the freehold was £12,420 This case related to 2 flats. The number of years remaining on the existing lease(s) was 76.75 and 88.83.