Stop! Your Lease Extension in Isleworth Could Be FREE

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Many leaseholders in Isleworth 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 Isleworth 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.

Why you should commence your Isleworth lease extension

Main reasons to start your Isleworth lease extension today:

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

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

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

Leasehold premises in Isleworth with in excess of one hundred years unexpired on the lease are sometimes regarded as a ‘virtual freehold’. This is where the lease value the same as a freehold interest in your property. In such situations there is often little to be gained by buying the reversionary interest unless savings on ground rent and service charges merit it.

Banks and Building Societies may decide not to finance a property on a short lease

Mortgage lenders are less likely to issue a loan offer on a domestic property in Isleworth with a short lease. Some lenders simply refuse a mortgage on leases with under 75 years left.

Lender Requirement
Accord Mortgages
Barnsley Building Society
Coventry Building Society
Leeds Building Society
Yorkshire Building Society

Why use us for your lease extension in Isleworth?

The conveyancers that we work with undertake Isleworth lease extensions and help protect your position. A lease extension can be arranged to be completed to coincide with a change of ownership so the costs of the lease extension are paid for using part of the sale proceeds. You really do need expert legal advice in this difficult and technical area of law. The lawyer we work with provide it.

Isleworth Lease Extension Case Studies:

Chantelle, Isleworth, West London,

Following protracted negotiations with the landlord of her first floor flat in Isleworth, Chantelle commenced the lease extension process just as her lease was coming close to the crucial 80-year deadline. The lease extension completed in July 2011. The landlord’s charges were kept to an absolute minimum.

Isleworth case:

In 2014 we were contacted by Mr and Mrs. A Brooks who, having completed a one bedroom flat in Isleworth in January 2010. We are asked if we could estimate the compensation to the landlord would be for a ninety year lease extension. Comparable residencies in Isleworth with an extended lease were valued around £223,400. The mid-range amount of ground rent was £60 invoiced yearly. The lease came to a finish in 2085. Taking into account 59 years remaining we estimated the premium to the freeholder to extend the lease to be between £27,600 and £31,800 exclusive of fees.

Decision in Hounslow

An example of a Lease Extension case for a Isleworth premises is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case related to 1 flat. The number of years remaining on the existing lease(s) was 60.45 years.