Stop! Your Lease Extension in Bradwell Could Be FREE

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Many leaseholders in Bradwell 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 Bradwell 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 Bradwell lease extension

Top reasons for lease extension now:

Increase your lease and increase your Bradwell property value

Chances are that where you own a flat in Bradwell you actually own a long leasehold interest over your property

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 30 years left, the premises will be equivalent in value to a freehold for many years in the future.

Mortgage lenders may not finance a property on a short lease

Almost all banks and building societies require a lengthy amount of time remaining on a leasehold residence before they will consider lending on it. Even if you don't require a mortgage, you should be mindful that it is probable that someone wanting to purchase your property in the future might well do, so where they can't secure a mortgage, then the value of the property could suffer. In the last decade most banks and building societies have increased the required minimum lease length that they are prepared to grant a mortgage on

Lender Requirement
Accord Mortgages 85 years from the date of completion of the mortgage. Please ensure that you explain the implications of a short term lease to the borrower.
Bank of Scotland Minimum 70 years from the date of the mortgage.
Halifax Minimum 70 years from the date of the mortgage.
Leeds Building Society 85 years remaining from the start of the mortgage.
Lloyds TSB Scotland Minimum 70 years from the date of the mortgage.

What makes us experts in Bradwell lease extensions?

Irrespective of whether you are a tenant or a landlord in Bradwell,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 Bradwell valuers.

Bradwell Lease Extension Case Summaries:

Sophia, Bradwell, Milton Keynes,

In the wake of 9 months of lengthy discussions with the landlord of her leasehold apartment in Bradwell, Sophia commenced the lease extension process just as her lease was approaching the all-important eighty-year deadline. The transaction completed in March 2009. The freeholder’s fees were restricted to slightly above 700 GBP.

Bradwell case:

Mr and Mrs. D Torres took over the lease of a first floor flat in Bradwell in June 1999. The question was if we could shed any light on how much (roughly) compensation to the landlord would be for a 90 year extension to my lease. Comparable homes in Bradwell with an extended lease were valued around £280,000. The mid-range amount of ground rent was £45 collected per annum. The lease finished in 2096. Given that there were 70 years outstanding we estimated the premium to the freeholder to extend the lease to be between £12,400 and £14,200 exclusive of professional charges.

Bradwell case:

Last year we were e-mailed by Mr Aarav Lefebvre , who bought a studio apartment in Bradwell in October 1995. The question was if we could approximate the compensation to the landlord would likely be to extend the lease by an additional years. Similar premises in Bradwell with 100 year plus lease were worth £223,400. The mid-range amount of ground rent was £60 collected per annum. The lease expired in 2085. Considering the 59 years unexpired we calculated the compensation to the freeholder for the lease extension to be within £27,600 and £31,800 not including professional charges.