Stop! Your Lease Extension in Dingle Could Be FREE

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Many leaseholders in Dingle 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 Dingle 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 Dingle lease extension

Main reasons to start your Dingle lease extension today:

Increase your lease and increase your Dingle property value

For those whose Dingle home is held on a long lease, our message is clear – if nothing is done, the property will eventually revert to your landlord, leaving you empty-handed. The shorter the lease the lower the value of the property and the more it will cost to procure a lease extension.

An extended lease is almost the same value as a freehold

Leasehold residencies in Dingle with over one hundred years outstanding on the lease are often referred to as ‘virtual freehold’. This is where the lease is worth the same as a freehold interest in your home. In such circumstances there is often little to be gained by buying the freehold unless savings on ground rent and maintenance charges merit it.

Lending institutions may not grant a mortgage with a short lease

Most banks have tightened lending criteria in the last ten years and borrowers are finding it increasingly difficult to raise finance or re-mortgage against flats with shorter lease terms, particularly under 75 years as they are considered to be unacceptable security.

Lender Requirement
Accord Mortgages
Bank of Scotland
Skipton Building Society
TSB
Yorkshire Building Society

What makes us experts in Dingle lease extensions?

Engaging our service will provide you enhanced control over the value of your Dingle leasehold, as your property will be more valuable and marketable in respect of lease length should you decide to sell. The conveyancers that we work with have a in-depth market knowledge handling many hundreds of lease extensions or freehold purchase transactions.

Dingle Lease Extension Example Cases:

Ella, Dingle, Merseyside,

After unsuccessful discussions with the landlord of her leasehold flat in Dingle, Ella commenced the lease extension process just as the lease was nearing the all-important 80-year mark. The transaction was finalised in May 2015. The landlord’s charges were kept to an absolute minimum.

Dingle case:

Last November we were approach by Mr and Mrs. I González , who completed a newly refurbished apartment in Dingle in February 2010. We are asked if we could shed any light on how much (roughly) compensation to the landlord would be for a 90 year extension to my lease. Similar flats in Dingle with 100 year plus lease were in the region of £246,800. The average amount of ground rent was £60 billed yearly. The lease ran out on 3 July 2076. Considering the 50 years remaining we calculated the compensation to the landlord to extend the lease to be within £44,700 and £51,600 not including fees.

Dingle case:

In 2012 we were e-mailed by Dr Adam Lee who, having purchased a garden flat in Dingle in October 2004. We are asked if we could estimate the premium would likely be to extend the lease by an additional years. Comparable homes in Dingle with an extended lease were valued about £208,200. The mid-range ground rent payable was £65 collected every twelve months. The lease ended in 2087. Given that there were 61 years unexpired we calculated the premium to the landlord to extend the lease to be between £20,000 and £23,000 plus fees.