Stop! Your Lease Extension in Brinklow Could Be FREE

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Many leaseholders in Brinklow 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 Brinklow 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 Brinklow lease extension

Why you should start your Brinklow lease extension today:

Increase your lease and increase your Brinklow property value

The value of Brinklow leasehold residential property falls as the lease term becomes shorter and this will have an impact on its saleability. The expense of a lease extension can escalate materialy once the remaining term is below than 80 years

An extended lease has roughly the same value as a freehold

It is generally accepted that a property with over 100 years unexpired lease term is worth approximately the equivalent as a freehold. Where an further ninety years added to any lease with more than 30 years left, the property will be worth the same as a freehold for many years ahead.

Mortgage lenders will not loan monies on a short lease

Mortgage lenders are less likely to grant a loan offer on a residential flat in Brinklow with a short lease. Many lenders simply refuse to lend on leases with less than 75 years remaining.

Lender Requirement
Barnsley Building Society
Birmingham Midshires
Nationwide Building Society
Skipton Building Society
The Mortgage Works

Get in touch with one of our Brinklow lease extension solicitors or enfranchisement solicitors

Using our service will provide you enhanced control over the value of your Brinklow leasehold, as your property will be more valuable and saleable in respect of lease length should you want to sell. The conveyancing solicitors that we work with have a wealth of experience of handling many hundreds of lease extensions or freehold purchase transactions.

Brinklow Lease Extension Example Cases:

Riley, Brinklow, Warwickshire

Last year Riley, came perilously near to the eighty-year threshold with the lease on his ground floor flat in Brinklow. In buying his flat 19 years previously, the lease term was of no importance. Thankfully, he became aware that he needed to take action soon on Extending the lease. Riley was able to extend his lease just in the nick of time in April. Riley and the landlord eventually settled on sum of £6,000 . If he had missed the deadline, the amount would have become more costly by at least £1,000.

Brinklow case:

Mr Thomas Jackson was assigned a lease of a basement flat in Brinklow in July 2003. We are asked if we could shed any light on how much (roughly) premium could be for a 90 year lease extension. Comparative properties in Brinklow with an extended lease were valued around £290,000. The mid-range ground rent payable was £45 billed yearly. The lease finished on 28 September 2099. Considering the 73 years unexpired we approximated the premium to the landlord to extend the lease to be between £9,500 and £11,000 plus legals.

Brinklow case:

In 2013 we were contacted by Ms W Martínez who, having took over the lease of a first floor flat in Brinklow in March 1998. The dilemma was if we could shed any light on how much (roughly) premium would be for a ninety year lease extension. Identical premises in Brinklow with a long lease were worth £240,600. The average ground rent payable was £65 collected per annum. The lease expired in 2088. Having 62 years unexpired we estimated the premium to the landlord to extend the lease to be within £21,900 and £25,200 exclusive of fees.