Why you should start your Woodcote Green lease extension

Main reasons to commence your Woodcote Green lease extension today:

Increase your lease and increase your Woodcote Green property value

Woodcote Green residential property owned on a long lease is a depreciating 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 generally considered that a property with over one hundred years remaining is worth roughly the same as a freehold. Where an further ninety years added to all but the shortest lease, the residence will be equivalent in value to a freehold for many years ahead.

Lending institutions may decide not to issue a mortgage on a short lease

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

Regardless of whether you are a tenant or a landlord in Woodcote Green,the lease extension solicitors that we work with will always be prepared to discuss any residential leasehold matters and offer you the benefit of their experience and the close ties they enjoy with Woodcote Green valuers.

Woodcote Green Lease Extension Case Summaries:

Poppy, Woodcote Green, South London,

After lengthy correspondence with the landlord of her first floor apartment in Woodcote Green, Poppy commenced the lease extension process as the eighty year mark was rapidly coming. The lease extension was concluded in July 2014. The landlord’s fees were kept to an absolute minimum.

Woodcote Green case:

Mr and Mrs. N Martínez completed a studio flat in Woodcote Green in September 2008. We are asked if we could estimate the price would likely be for a ninety year extension to my lease. Similar properties in Woodcote Green with a long lease were worth £218,000. The average ground rent payable was £45 invoiced monthly. The lease finished on 26 August 2089. Considering the 63 years unexpired we estimated the premium to the landlord to extend the lease to be between £17,100 and £19,800 not including legals.