Stop! Your Lease Extension in Hampton Could Be FREE

Get a Free Case Review
Many leaseholders in Hampton 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 Hampton 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 Hampton lease extension

Why you should start your Hampton lease extension today:

Increase your lease and increase your Hampton property value

On the balance of probabilities where you own a flat in Hampton you actually own a long leasehold interest over your property

An extended lease is almost the same value as a freehold

It is conventional wisdom that a residential leasehold with over 100 years unexpired lease term is worth approximately the same as a freehold. Where an further ninety years added to all but the shortest lease, the property will be equivalent in value to a freehold for decades to come.

Banks and Building Societies will not finance a property on a short lease

Almost all banks and building societies will not lend on a lease with under seventy years unexpired - although this varies between mortgage companies. A purchaser will undoubtedly find it difficult to obtain a mortgage and this will result in your Hampton property becoming difficult to sell or refinance.

Lender Requirement
Bank of Scotland Minimum 70 years from the date of the mortgage.
Coventry Building Society A minimum of 70 years unexpired lease at completion for all scheme types apart from Lifetime Mortgages (Equity Release), which require a minimum unexpired term of 80 years at completion.
Halifax Minimum 70 years from the date of the mortgage.
Leeds Building Society 85 years remaining from the start of the mortgage.
TSB Minimum of 70 years at mortgage commencement, with 30 years remaining at mortgage redemption.

Get in touch with one of our Hampton lease extension solicitors or enfranchisement solicitors

Retaining our service will provide you enhanced control over the value of your Hampton leasehold, as your property will be more valuable and marketable in terms of lease length should you wish to sell. The conveyancing solicitors that we work with have a wealth of experience of handling many hundreds of lease extensions or freehold purchase transactions.

Hampton Lease Extension Example Cases:

Jordan, Hampton, South West London,

Off the back of protracted correspondence with the freeholder of her one bedroom apartment in Hampton, Jordan initiated the lease extension process just as her lease was coming close to the critical 80-year deadline. The lease extension completed in November 2009. The landlord’s costs were kept to an absolute minimum.

Hampton case:

In 2009 we were e-mailed by Dr J François who, having owned a garden apartment in Hampton in November 2003. We are asked if we could estimate the price would be for a ninety year lease extension. Identical properties in Hampton with an extended lease were in the region of £218,000. The mid-range ground rent payable was £45 billed quarterly. The lease expired on 18 February 2089. Considering the 63 years as a residual term we calculated the compensation to the landlord to extend the lease to be between £17,100 and £19,800 exclusive of professional charges.

Decision in Hounslow

An example of a Lease Extension decision for a Hampton residence is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case related to 1 flat. The number of years remaining on the existing lease(s) was 82.93 years.