Stop! Your Lease Extension in Bracebridge Heath Could Be FREE

Get a Free Case Review
Many leaseholders in Bracebridge Heath 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 Bracebridge Heath 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 Bracebridge Heath lease extension

Why you should commence your Bracebridge Heath lease extension today:

Increase your lease and increase your Bracebridge Heath property value

Chances are that if you own a flat in Bracebridge Heath you actually own a long leasehold interest over your property

An extended lease has roughly the same value as a freehold

It is conventional wisdom that a property with over 100 years remaining is worth approximately the equivalent as a freehold. Where an further 90 years added to all but the shortest lease, the property will be equivalent in value to a freehold for many years in the future.

Lending institutions will not finance a property on a short lease

Most banks have narrowed their lending criteria in recent years and borrowers are finding it increasingly difficult to raise finance or re-mortgage against property with shorter lease terms, particularly under seventy years as they are deemed to be deficient security.

Lender Requirement
Birmingham Midshires
Leeds Building Society
National Westminster Bank
Nationwide Building Society
Skipton Building Society

What makes us experts in Bracebridge Heath lease extensions?

Irrespective of whether you are a tenant or a landlord in Bracebridge Heath,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 in-depth market knowledge and the close ties they enjoy with Bracebridge Heath valuers.

Bracebridge Heath Lease Extension Example Cases:

Danielle, Bracebridge Heath, Lincolnshire,

Subsequent to lengthy negotiations with the landlord of her purpose-built flat in Bracebridge Heath, Danielle started the lease extension process as the eighty year mark was rapidly advancing. The lease extension was finalised in March 2005. The landlord’s fees were kept to an absolute minimum.

Bracebridge Heath case:

Dr M Petit acquired a one bedroom flat in Bracebridge Heath in February 2002. The question was if we could shed any light on how much (roughly) premium would likely be for a ninety year extension to my lease. Similar properties in Bracebridge Heath with an extended lease were worth £260,000. The average ground rent payable was £50 invoiced per annum. The lease came to a finish on 4 August 2097. Considering the 71 years outstanding we estimated the premium to the landlord for the lease extension to be within £9,500 and £11,000 plus expenses.

Bracebridge Heath case:

Last Winter we were approach by Mrs Alicia Miller , who took over the lease of a purpose-built flat in Bracebridge Heath in June 2000. The question was if we could approximate the premium would be to prolong the lease by an additional years. Comparative flats in Bracebridge Heath with a long lease were valued about £254,200. The mid-range ground rent payable was £60 billed per annum. The lease ended on 27 January 2077. Taking into account 51 years remaining we approximated the premium to the landlord for the lease extension to be between £43,700 and £50,600 plus legals.