Stop! Your Lease Extension in Copse Hill Could Be FREE

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Many leaseholders in Copse Hill 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 Copse Hill 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 Copse Hill lease extension

Main reasons to start your Copse Hill lease extension today:

Increase your lease and increase your Copse Hill property value

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

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

It is conventional wisdom that a residential leasehold with over 100 years remaining is worth approximately the same as a freehold. Where an further 90 years added to any lease with more than 45 years remaining, the property will be equivalent in value to a freehold for many years ahead.

Lending institutions may not grant a mortgage with a short lease

Lenders will not grant a mortgage on short residential leases. You are likely to experience difficulties where you wish to sell your flat in Copse Hill if the remaining term of your lease is below the criteria set by the majority of lenders. Different mortgage companies have different criteria but in the main theyrequire a minimum remaining lease term of seventy years.

Lender Requirement
Birmingham Midshires
Coventry Building Society
Leeds Building Society
Santander
TSB

What makes us experts in Copse Hill lease extensions?

Irrespective of whether you are a tenant or a landlord in Copse Hill,the lease extension experts that we work with will always be willing to discuss any residential leasehold matters and offer you the benefit of their experience and the close ties they enjoy with Copse Hill valuers.

Copse Hill Lease Extension Example Cases:

Eleanor, Copse Hill, South West London,

Trailing protracted discussions with the freeholder of her leasehold flat in Copse Hill, Eleanor started the lease extension process just as her lease was nearing the crucial eighty-year threshold. The transaction was finalised in November 2015. The landlord’s fees were kept to an absolute minimum.

Copse Hill case:

Mrs W Cox bought a recently refurbished flat in Copse Hill in September 2011. The dilemma was if we could shed any light on how much (roughly) premium would likely be for a 90 year lease extension. Comparable flats in Copse Hill with a long lease were in the region of £183,600. The average amount of ground rent was £65 invoiced yearly. The lease lapsed in 2083. Considering the 57 years unexpired we approximated the premium to the freeholder for the lease extension to be between £28,500 and £33,000 exclusive of fees.

Decision in Wandsworth

An example of a Lease Extension matter before the tribunal for a Copse Hill premises is 83 Balvernie Grove in February 2012. The Tribunal assessed the price to be paid by the leaseholder to the freeholder for the lease extension pursuant to section 48 of the Leasehold Reform Housing & Urban Development Act 1993 should be£16,603.00 This case affected 1 flat. The remaining number of years on the lease was 69.32 years.