Stop! Your Lease Extension in Shepherd's Bush Could Be FREE

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Many leaseholders in Shepherd's Bush 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 Shepherd's Bush 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 Shepherd's Bush lease extension

Main reasons to start your Shepherd's Bush lease extension today:

A Shepherd's Bush lease depreciates with the years remaining on the lease.

The basic rule is, all other factors being equal, the shorter the lease the more expensive the premium. Qualifying leaseholders in Shepherd's Bush can extend the lease for an additional 90 years in accordance with legislation. Do think carefully before delaying your Shepherd's Bush lease extension. Postponing that expense today simply increases the premium you will ultimately be required to pay to extend the lease.

Shepherd's Bush property with a lease extension is almost the same value as a freehold

It is conventional wisdom that a residential leasehold with over one hundred years unexpired lease term is worth approximately the equivalent as a freehold. Where an additional ninety years added to any lease with more than 30 years remaining, the property will be worth the same as a freehold for decades to come.

Banks and Building Societies will not issue a mortgage on a short lease

Banks and Building Societies are less likely to grant a mortgage on a domestic property in Shepherd's Bush with a short lease. Many lenders simply refuse a mortgage on leases with below 75 years left.

Lender Requirement
Accord Mortgages 85 years from the date of completion of the mortgage. Please ensure that you explain the implications of a short term lease to the borrower.
Chelsea Building Society 85 years from the date of completion of the mortgage. Please ensure that you explain the implications of a short term lease to the borrower.
Lloyds TSB Scotland Minimum 70 years from the date of the mortgage.
National Westminster Bank Mortgage term plus 30 years.

For Shared Ownership, the remaining term of the lease must be at least 75 years plus the term of the mortgage at the outset of the mortgage.
Royal Bank of Scotland Mortgage term plus 30 years.

What makes us experts in Shepherd's Bush lease extensions?

Lease extensions in Shepherd's Bush can be a difficult process. We recommend you secure guidance from a lawyer and valuer with experience in lease extensions.

We provide you with an expert from a selection of lease extension solicitors, which ensures a targeted and efficient service as you have a dedicated port of call with an individual lawyer. Our lease extension solicitors have in-depth market knowledge procuring Shepherd's Bush lease extensions and further afield, as well as any potential issues which may arise as well as problems with the Leasehold Valuation Tribunal.

Shepherd's Bush Lease Extension Example Cases:

Rosie, Shepherd's Bush, West London,

Off the back of unsuccessful correspondence with the freeholder of her two bedroom flat in Shepherd's Bush, Rosie commenced the lease extension process just as her lease was coming close to the critical eighty-year mark. The lease extension completed in August 2011. The landlord’s charges were kept to an absolute minimum.

Shepherd's Bush case:

Last Spring we were e-mailed by Mr and Mrs. R André , who moved into a one bedroom apartment in Shepherd's Bush in February 1995. We are asked if we could approximate the price could be to extend the lease by 90 years. Similar homes in Shepherd's Bush with an extended lease were in the region of £233,200. The mid-range ground rent payable was £60 invoiced monthly. The lease ran out in 2087. Having 61 years outstanding we approximated the premium to the freeholder for the lease extension to be within £22,800 and £26,400 plus professional charges.

Decision in Hammersmith and Fulham

An example of a Freehold Enfranchisement matter before the tribunal for a Shepherd's Bush property is 82 Minford Gardens in February 2009. The Tribunal determined that the enfranchisement price was £37,341 This case affected 2 flats. The unexpired term was 72.92 years.