Stop! Your Lease Extension in Beddington South Could Be FREE

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Many leaseholders in Beddington South 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 Beddington South 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.

Main reasons to start your Beddington South lease extension

Top reasons for lease extension now:

Increase your lease and increase your Beddington South property value

The market value of Beddington South 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 increase materialy once the unexpired lease term is less than eighty years

An extended lease is almost the same value as a freehold

It is conventional wisdom that a residential leasehold with more than one hundred years remaining is worth approximately the equivalent as a freehold. Where an further 90 years added to any lease with more than 35 years remaining, the property will be equivalent in value to a freehold for many years ahead.

Mortgage lenders may not grant a mortgage with a short lease

Most banks have constrained their lending criteria in the last ten years and borrowers are finding it increasingly difficult to raise finance or re-mortgage against property with shorter lease terms, particularly below 75 years as they are deemed to be deficient security.

Lender Requirement
Birmingham Midshires
Coventry Building Society
Godiva Mortgages
Leeds Building Society
TSB

Why use us for your lease extension in Beddington South?

Regardless of whether you are a tenant or a freeholder in Beddington South,the lease extension lawyers 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 Beddington South valuers.

Beddington South Lease Extension Case Studies:

Kian, Beddington South, South London,

Kian owned a conversion apartment in Beddington South being sold with a lease of a few days over fifty eight years remaining. Kian informally approached his landlord a well known London-based freehold company and enquired on a premium to extend the lease. The freeholder indicated a willingness to extend the lease to 125 years subject to a rise in the rent to £50 per annum. No ground rent would be payable on a lease extension were Kian to exercise his statutory right. Kian procured expert legal guidance and secured an acceptable deal informally and sell the property.

Beddington South case:

Mr and Mrs. I Stewart moved into a one bedroom flat in Beddington South in February 2010. We are asked if we could shed any light on how much (approximately) price could be for a ninety year extension to my lease. Comparative premises in Beddington South with a long lease were worth £227,800. The average ground rent payable was £45 invoiced monthly. The lease ran out on 26 January 2091. Considering the 65 years remaining we approximated the compensation to the freeholder for the lease extension to be between £13,300 and £15,400 plus professional charges.

Decision in Croydon

An example of a Freehold Enfranchisement matter before the tribunal for a Beddington South premises is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case affected 4 flats. The number of years remaining on the existing lease(s) was 98 years.