Stop! Your Lease Extension in Burwash Could Be FREE

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Many leaseholders in Burwash 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 Burwash 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 commence your Burwash lease extension

Why you should commence your Burwash lease extension today:

Increase your lease and increase your Burwash property value

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

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

Leasehold premises in Burwash with over 100 years outstanding on the lease are sometimes regarded as a ‘virtual freehold’. This is where the lease value the same as a freehold interest in your home. In such circumstances there is often little upside in purchasing the freehold unless savings on ground rent and estate charges justify it.

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

Mortgage lenders are less likely to grant a mortgage on a domestic property in Burwash with a short lease. Some lenders simply refuse to lend on leases with under 75 years left.

Lender Requirement
Accord Mortgages
Barnsley Building Society
Chelsea Building Society
Godiva Mortgages
Leeds Building Society

What makes us experts in Burwash lease extensions?

Using our service gives you better control over the value of your Burwash leasehold, as your property will be more valuable and saleable in relation to the lease length should you decide to sell. The lawyers that we work with have a wealth of experience of handling many hundreds of lease extensions or freehold purchase transactions.

Burwash Lease Extension Case Studies:

Logan, Burwash, East Sussex

Last October Logan, came precariously close to the eighty-year threshold with the lease on his garden flat in Burwash. In buying his flat 18 years previously, the lease term was of minimal importance. by good luck, he became aware that he needed to take action soon on a lease extension. Logan arranged for a lease extension just ahead of time last April. Logan and the freeholder via the management company ultimately settled on a premium of £6,000 . If he had missed the deadline, the price would have increased by at least £1,075.

Burwash case:

Ms Lydia Watson owned a purpose-built flat in Burwash in June 2010. We are asked if we could estimate the premium would be for a 90 year lease extension. Identical flats in Burwash with an extended lease were valued around £191,400. The mid-range amount of ground rent was £55 collected every twelve months. The lease elapsed in 2080. Considering the 54 years remaining we calculated the premium to the freeholder for the lease extension to be between £34,200 and £39,600 exclusive of legals.

Burwash case:

In 2010 we were contacted by Mr L Davies who, having bought a one bedroom apartment in Burwash in February 2004. The question was if we could shed any light on how much (approximately) compensation to the landlord would be for a 90 year lease extension. Identical flats in Burwash with 100 year plus lease were valued about £295,000. The average amount of ground rent was £45 billed every twelve months. The lease finished in 2100. Given that there were 74 years unexpired we estimated the compensation to the landlord for the lease extension to be within £8,600 and £9,800 plus legals.