Stop! Your Lease Extension in Henllan Could Be FREE

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Many leaseholders in Henllan 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 Henllan 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 Henllan lease extension

Top reasons for lease extension now:

Increase your lease and increase your Henllan property value

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

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

It is generally considered that a residential leasehold with more than one hundred years unexpired lease term is worth approximately the same as a freehold. Where an additional 90 years added to any lease with more than 35 years unexpired, the premises will be worth the same as a freehold for decades to come.

Lending institutions may decide not to loan monies with a short lease

Banks and Building Societies are less likely to give a mortgage on a residential flat in Henllan with a short lease. Some lenders simply refuse to lend on leases with less than 75 years left.

Lender Requirement
Bank of Scotland
Halifax
Leeds Building Society
National Westminster Bank
TSB

Why use us for your lease extension in Henllan?

Using our service will provide you increased control over the value of your Henllan leasehold, as your property will be more valuable and marketable in respect of lease length should you decide to sell. The conveyancing solicitors that we work with are well versed in the legislation handling many hundreds of lease extensions or freehold purchase transactions.

Henllan Lease Extension Example Cases:

Aimee, Henllan, Denbighshire,

In the wake of 9 months of protracted discussions with the freeholder of her purpose-built flat in Henllan, Aimee started the lease extension process as the 80 year mark was fast coming. The transaction was concluded in April 2009. The landlord’s fees were kept to an absolute minimum.

Henllan case:

In 2013 we were e-mailed by Mrs B Bell who, having purchased a first floor apartment in Henllan in April 1999. We are asked if we could approximate the premium would be to extend the lease by an additional years. Comparative residencies in Henllan with an extended lease were worth £270,000. The average amount of ground rent was £55 billed every twelve months. The lease finished in 2100. Considering the 74 years outstanding we estimated the compensation to the freeholder to extend the lease to be within £9,500 and £11,000 plus costs.

Henllan case:

Mrs Tia Morel owned a garden flat in Henllan in January 2010. The question was if we could shed any light on how much (roughly) price would likely be for a 90 year lease extension. Identical residencies in Henllan with an extended lease were worth £166,400. The mid-range ground rent payable was £60 collected every twelve months. The lease terminated on 4 April 2080. Taking into account 54 years left we calculated the premium to the landlord for the lease extension to be between £32,300 and £37,400 plus costs.