Stop! Your Lease Extension in Blakedown Could Be FREE

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Many leaseholders in Blakedown 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 Blakedown 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 Blakedown lease extension

Why you should start your Blakedown lease extension today:

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

Blakedown residential property owned on a long lease is a depreciating asset because a leaseholder only owns the property for a period of years.

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

It is conventional wisdom that a residential leasehold with over one hundred years remaining is worth approximately the same as a freehold. Where an additional 90 years added to all but the shortest lease, the residence will be equivalent in value to a freehold for decades to come.

Lending institutions may not finance a property on a short lease

Banks and building societies vary in their lending criteria. Some set the bar at 75 years outstanding on the lease; others may be happy with anything with more than 70 years. With less than 60 years, it may be difficult to obtain a mortgage at all.

Lender Requirement
Accord Mortgages
Bank of Scotland
Birmingham Midshires
Nationwide Building Society
Skipton Building Society

Why use us for your lease extension in Blakedown?

Retaining our service will provide you enhanced control over the value of your Blakedown leasehold, as your property will be more valuable and saleable in relation to the lease length should you wish to sell. The conveyancing solicitors that we work with have a in-depth market knowledge handling many hundreds of lease extensions or freehold purchase transactions.

Blakedown Lease Extension Example Cases:

Millie, Blakedown, Worcestershire,

Following protracted correspondence with the landlord of her one bedroom flat in Blakedown, Millie started the lease extension process as the 80 year threshold was swiftly nearing. The transaction completed in June 2009. The freeholder’s costs were negotiated to below 450 GBP.

Blakedown case:

Mr Ollie Adams moved into a first floor apartment in Blakedown in June 2004. The question was if we could estimate the price could be to prolong the lease by an additional years. Comparative residencies in Blakedown with an extended lease were valued around £235,200. The mid-range ground rent payable was £45 invoiced annually. The lease came to a finish in 2092. Having 66 years unexpired we approximated the premium to the freeholder for the lease extension to be between £12,400 and £14,200 plus expenses.

Blakedown case:

In 2010 we were called by Mr George Williams who, having acquired a first floor flat in Blakedown in October 2002. We are asked if we could shed any light on how much (approximately) premium would likely be for a ninety year extension to my lease. Identical premises in Blakedown with a long lease were valued around £275,000. The average amount of ground rent was £55 invoiced yearly. The lease expired on 25 August 2102. Having 76 years outstanding we estimated the premium to the freeholder for the lease extension to be between £9,500 and £11,000 plus costs.