Stop! Your Lease Extension in Bedmond Could Be FREE

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Many leaseholders in Bedmond 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 Bedmond 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 Bedmond lease extension

Top reasons for lease extension now:

A Bedmond leasehold property depreciates with the years remaining on the lease.

The basic rule is, all other things holding equal, the shorter the lease the more expensive the premium. Qualifying leaseholders in Bedmond may extend the lease for a further ninety years in accordance with statute. Do think carefully before delaying your Bedmond lease extension. Shelving that expense today simply escalates the premium you will eventually have to pay to extend the lease.

Bedmond property with a lease extension is almost the same value as a freehold

It is generally accepted that a residential leasehold with in excess of one hundred years remaining is worth roughly the same as a freehold. Where an additional ninety years added to all but the shortest lease, the property will be equivalent in value to a freehold for decades to come.

Lending institutions may decide not to loan monies with a short lease

Banks and building societies differ in their lending criteria. Some draw the line at 75 years remaining on the lease; others may be content with anything in excess seventy years. With less than 60 years, it may be problematic to get a mortgage in the first place.

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

What makes us experts in Bedmond lease extensions?

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

Bedmond Lease Extension Example Cases:

Ashleigh, Bedmond, Hertfordshire,

Off the back of protracted negotiations with the freeholder of her studio apartment in Bedmond, Ashleigh started the lease extension process as the 80 year deadline was swiftly advancing. The lease extension completed in May 2008. The landlord’s charges were kept to an absolute minimum.

Bedmond case:

Mr Thomas Mason was assigned a lease of a newly refurbished flat in Bedmond in August 2011. We are asked if we could shed any light on how much (approximately) compensation to the landlord would likely be to extend the lease by an additional years. Similar residencies in Bedmond with a long lease were worth £171,800. The average amount of ground rent was £55 invoiced monthly. The lease came to a finish on 19 April 2076. Considering the 50 years as a residual term we estimated the premium to the freeholder to extend the lease to be within £33,300 and £38,400 exclusive of expenses.

Bedmond case:

Mr Eliot Rodríguez owned a purpose-built flat in Bedmond in April 2012. We are asked if we could approximate the premium could be for a ninety year lease extension. Comparative homes in Bedmond with an extended lease were worth £280,000. The average ground rent payable was £45 billed yearly. The lease ended in 2096. Taking into account 70 years as a residual term we calculated the premium to the landlord to extend the lease to be within £12,400 and £14,200 not including legals.