Stop! Your Lease Extension in Quedgeley Could Be FREE

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Many leaseholders in Quedgeley 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 Quedgeley 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 Quedgeley lease extension

Main reasons to commence your Quedgeley lease extension today:

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

Quedgeley residential property held on a long lease is a wasting asset because a leaseholder merely owns the property for a set term.

An extended lease is almost the same value as a freehold

It is conventional wisdom that a property with in excess of 100 years remaining is worth roughly the same as a freehold. Where an additional 90 years added to all but the shortest lease, the residence will be worth the same as a freehold for many years in the future.

Lending institutions may not finance a property with a short lease

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

Lender Requirement
Accord Mortgages
Barnsley Building Society
Leeds Building Society
National Westminster Bank
TSB

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

Retaining our service will provide you enhanced control over the value of your Quedgeley leasehold, as your property will be more valuable and marketable in relation to the lease length should you wish to sell. The lawyers that we work with are well versed in the legislation handling many hundreds of lease extensions or freehold purchase transactions.

Quedgeley Lease Extension Case Summaries:

Shannon, Quedgeley, Gloucestershire,

Following unsuccessful negotiations with the landlord of her purpose-built flat in Quedgeley, Shannon commenced the lease extension process as the eighty year mark was fast advancing. The lease extension was concluded in March 2014. The freeholder’s charges were kept to an absolute minimum.

Quedgeley case:

In 2013 we were approached by Mr and Mrs. M Bonnet who, having was assigned a lease of a newly refurbished apartment in Quedgeley in February 2007. The question was if we could shed any light on how much (roughly) price would likely be to prolong the lease by an additional years. Identical flats in Quedgeley with an extended lease were in the region of £235,200. The mid-range ground rent payable was £45 collected annually. The lease came to a finish in 2092. Considering the 66 years as a residual term we calculated the compensation to the freeholder for the lease extension to be between £12,400 and £14,200 exclusive of legals.

Quedgeley case:

Last Summer we were e-mailed by Mr and Mrs. Y Alexander , who bought a studio flat in Quedgeley in August 2002. We are asked if we could shed any light on how much (approximately) premium would be to prolong the lease by 90 years. Identical premises in Quedgeley with a long lease were in the region of £275,000. The mid-range ground rent payable was £55 collected every twelve months. The lease ran out on 15 June 2103. Having 77 years left we approximated the premium to the freeholder to extend the lease to be between £13,300 and £15,400 plus fees.