Stop! Your Lease Extension in Ham Could Be FREE

Get a Free Case Review
Many leaseholders in Ham 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 Ham 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 commence your Ham lease extension

Main reasons to start your Ham lease extension today:

A Ham lease depreciates with the years remaining on the lease.

Ham residential property owned on a long lease is a wasting asset because a leaseholder only owns the property for a set term.

Ham property with a lease extension has roughly the same value as a freehold

It is conventional wisdom that a residential leasehold with in excess of one hundred years remaining is worth roughly the equivalent as a freehold. Where an additional 90 years added to any lease with more than 45 years unexpired, the residence will be worth the same as a freehold for many years ahead.

Mortgage lenders may not lend on a short lease

Lending institutions are less likely to issue a loan offer on a residential property in Ham with a short lease. Many lenders simply refuse to lend on leases with less than 75 years left.

Lender Requirement
Accord Mortgages
Barclays plc
Barnsley Building Society
Skipton Building Society
Royal Bank of Scotland

What makes us experts in Ham lease extensions?

Irrespective of whether you are a tenant or a landlord in Ham,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 Ham valuers.

Ham Lease Extension Case Studies:

Matthew, Ham, Surrey

In 2014 Matthew, came seriously close to the 80-year mark with the lease on his leasehold apartment in Ham. In buying his home 19 years previously, the lease term was of no relevance. Thankfully, he noticed he needed to take steps soon on a lease extension. Matthew extended the lease just ahead of time in August. Matthew and the landlord eventually settled on a premium of £5,000 . If he had missed the deadline, the sum would have gone up by a minimum £975.

Ham case:

In 2014 we were approached by Mr and Mrs. T Watson who, having moved into a one bedroom apartment in Ham in September 2006. The dilemma was if we could shed any light on how much (approximately) compensation to the landlord would be for a ninety year lease extension. Comparable residencies in Ham with 100 year plus lease were in the region of £285,000. The mid-range amount of ground rent was £45 invoiced every twelve months. The lease concluded in 2097. Considering the 71 years unexpired we calculated the compensation to the landlord for the lease extension to be between £12,400 and £14,200 plus legals.

Decision in Kingston upon Thames

An example of a Lease Extension decision for a Ham residence is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case affected 1 flat.