Stop! Your Lease Extension in Brentford Could Be FREE

Get a Free Case Review
Many leaseholders in Brentford 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 Brentford 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 commence your Brentford lease extension

Why you should start your Brentford lease extension today:

Increase your lease and increase your Brentford property value

The value of Brentford leasehold residential property falls as the lease term becomes shorter and this will have an impact on its saleability. The expense of extending the lease can increase materialy once the unexpired lease term is less than 80 years

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

It is generally considered that a property with in excess of one hundred years unexpired lease term is worth roughly the same as a freehold. Where an further 90 years added to all but the shortest lease, the residence will be worth the same as a freehold for many years in the future.

Banks and Building Societies may decide not to grant a mortgage with a short lease

Most mortgage lenders have tightened lending criteria in the last ten years and borrowers are finding it increasingly difficult to raise funding or re-mortgage against property with shorter lease terms, particularly below 75 years as they are regarded as deficient for lending purposes.

Lender Requirement
Barnsley Building Society 60 years from the date of the mortgage application subject to 35 years remaining at the end of the mortgage term.
Birmingham Midshires Minimum 70 years from the date of the mortgage.
Halifax Minimum 70 years from the date of the mortgage.
National Westminster Bank Mortgage term plus 30 years.

For Shared Ownership, the remaining term of the lease must be at least 30 years plus the term of the mortgage at the outset of the mortgage.
Virgin 85 years at the time of completion. If it's less, we require it to be extended on or before completion.

What makes us experts in Brentford lease extensions?

Lease extensions in Brentford can be a difficult process. We recommend you procure guidance from a conveyancer and valuer with experience in this area.

We provide you with an expert from a selection of lease extension solicitors, which ensures a targeted and efficient service as you have a dedicated port of call with an individual lawyer. Our lease extension solicitors have in-depth market knowledge dealing with Brentford lease extensions and further afield, as well as any potential issues which may arise as well as problems with the Leasehold Valuation Tribunal.

Brentford Lease Extension Case Studies:

Alexander, Brentford, West London

In recent months Alexander, started to get near to the 80-year threshold with the lease on his first floor apartment in Brentford. In buying his property two decades ago, the unexpired term was of no significance. by good luck, he noticed he would soon be paying an escalated premium for Extending the lease. Alexander extended the lease just under the wire in April. Alexander and the landlord who owned the flat above ultimately settled on a premium of £6,000 . If he failed to meet the deadline, the premium would have increased by at least £900.

Brentford case:

Last Winter we were phoned by Dr E Morgan , who purchased a one bedroom apartment in Brentford in November 1998. We are asked if we could approximate the compensation to the landlord would likely be to extend the lease by an additional years. Identical homes in Brentford with a long lease were worth £250,400. The average amount of ground rent was £65 invoiced every twelve months. The lease termination date was on 14 April 2090. Having 64 years unexpired we calculated the premium to the freeholder for the lease extension to be within £19,000 and £22,000 plus professional charges.

Decision in Ealing

An example of a Freehold Enfranchisement decision for a Brentford property is 105 & 105A Seaford Road in July 2013. The tribunal determined that the price payable for the freehold interest in the Property was £43,985 . This sum was to be paid into Brentford County Court to enable the matter to proceed This case affected 2 flats.