Stop! Your Lease Extension in Sychdyn Could Be FREE

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Many leaseholders in Sychdyn 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 Sychdyn 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 start your Sychdyn lease extension

Why you should start your Sychdyn lease extension today:

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

The market value of Sychdyn leasehold residential property falls as the lease term becomes shorter and this will have an impact on its saleability. The cost of a lease extension can increase materialy once the unexpired lease term is below than 80 years

An extended lease has roughly the same value as a freehold

It is generally considered that a residential leasehold with over one hundred years remaining is worth roughly the equivalent as a freehold. Where an additional ninety years added to all but the shortest lease, the premises will be worth the same as a freehold for many years ahead.

Banks and Building Societies will not lend on a short lease

Most mortgage lenders have tightened lending criteria in recent years and borrowers are encountering difficulties in arranging finance or re-mortgage against property with shorter lease terms, particularly under seventy years as they are deemed to be unacceptable security.

Lender Requirement
Birmingham Midshires
Chelsea Building Society
Halifax
Leeds Building Society
Nationwide Building Society

Why use us for your lease extension in Sychdyn?

The lawyers that we work with handle Sychdyn 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.

Sychdyn Lease Extension Example Cases:

Katie, Sychdyn, Flintshire,

Trailing unsuccessful discussions with the landlord of her studio apartment in Sychdyn, Katie started the lease extension process just as her lease was coming close to the crucial eighty-year deadline. The legal work completed in April 2013. The landlord’s costs were restricted to a tad over 700 pounds.

Sychdyn case:

In 2010 we were phoned by Dr Oscar Ward who, having took over the lease of a recently refurbished flat in Sychdyn in November 2006. The question was if we could shed any light on how much (approximately) compensation to the landlord could be for a 90 year extension to my lease. Comparable residencies in Sychdyn with an extended lease were valued about £270,000. The mid-range amount of ground rent was £55 invoiced per annum. The lease ended in 2102. Given that there were 76 years remaining we approximated the compensation to the landlord for the lease extension to be within £9,500 and £11,000 exclusive of costs.

Sychdyn case:

In 2010 we were approached by Dr Jacob Ward who, having moved into a one bedroom flat in Sychdyn in January 2001. We are asked if we could estimate the price would be to extend the lease by ninety years. Comparable premises in Sychdyn with 100 year plus lease were valued about £176,200. The average ground rent payable was £65 billed monthly. The lease lapsed on 19 April 2082. Given that there were 56 years unexpired we calculated the compensation to the landlord to extend the lease to be within £29,500 and £34,000 exclusive of expenses.