Stop! Your Lease Extension in Chesham Bois Could Be FREE

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Many leaseholders in Chesham Bois 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 Chesham Bois 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 Chesham Bois lease extension

Main reasons to start your Chesham Bois lease extension today:

A Chesham Bois lease depreciates with the years remaining on the lease.

On the balance of probabilities if you own a flat in Chesham Bois you actually own a long leasehold interest over your property

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

It is conventional wisdom that a residential leasehold with in excess of 100 years remaining is worth approximately the same as a freehold. Where an additional ninety years added to any lease with more than 45 years remaining, the residence will be equivalent in value to a freehold for decades to come.

Mortgage lenders may not grant a mortgage on a short lease

Most banks have narrowed their lending criteria in the last ten years and borrowers are encountering difficulties in arranging finance or re-mortgage against flats with shorter lease terms, particularly under seventy years as they are deemed to be insufficient security.

Lender Requirement
Barclays plc
Barnsley Building Society
Godiva Mortgages
Nationwide Building Society
Royal Bank of Scotland

What makes us experts in Chesham Bois lease extensions?

The conveyancers that we work with undertake Chesham Bois lease extensions and help protect your position. A lease extension can be arranged to be completed to coincide with a change of ownership so the costs of the lease extension are paid for using part of the sale proceeds. You really do need expert legal advice in this difficult and technical area of law. The conveyancing solicitor we work with provide it.

Chesham Bois Lease Extension Case Summaries:

Alice, Chesham Bois, Buckinghamshire,

Following unsuccessful correspondence with the freeholder of her basement flat in Chesham Bois, Alice commenced the lease extension process just as the lease was approaching the crucial eighty-year deadline. The legal work completed in February 2011. The landlord’s fees were kept to an absolute minimum.

Chesham Bois case:

Mr and Mrs. G Díaz acquired a purpose-built flat in Chesham Bois in October 2006. The dilemma was if we could shed any light on how much (roughly) premium would be for a 90 year lease extension. Comparative premises in Chesham Bois with 100 year plus lease were in the region of £166,400. The average ground rent payable was £60 collected monthly. The lease came to a finish on 16 September 2080. Considering the 54 years remaining we estimated the compensation to the landlord to extend the lease to be within £32,300 and £37,400 exclusive of legals.

Chesham Bois case:

Last Summer we were e-mailed by Mrs Isabella Garcia , who owned a basement apartment in Chesham Bois in August 2000. The dilemma was if we could estimate the compensation to the landlord could be for a ninety year lease extension. Identical homes in Chesham Bois with an extended lease were in the region of £232,800. The average amount of ground rent was £45 billed quarterly. The lease termination date was in 2091. Taking into account 65 years outstanding we approximated the premium to the freeholder to extend the lease to be between £13,300 and £15,400 not including costs.