Stop! Your Lease Extension in Yeading Could Be FREE

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Many leaseholders in Yeading 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 Yeading 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 Yeading lease extension

Main reasons to commence your Yeading lease extension today:

Increase your lease and increase your Yeading property value

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

Yeading property with a lease extension is almost the same value as a freehold

It is generally considered that a property with in excess of 100 years remaining is worth approximately the equivalent as a freehold. Where an additional ninety years added to all but the shortest lease, the property will be equivalent in value to a freehold for decades to come.

Lending institutions will not lend with a short lease

Banks and Building Societies are less likely to grant a mortgage on a domestic flat in Yeading with a short lease. Some lenders simply refuse to lend on leases with less than 75 years remaining.

Lender Requirement
Accord Mortgages
Birmingham Midshires
National Westminster Bank
Skipton Building Society
Royal Bank of Scotland

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

Irrespective of whether you are a tenant or a freeholder in Yeading,the lease extension solicitors that we work with will always be happy to discuss any residential leasehold matters and offer you the benefit of their in-depth market knowledge and the close ties they enjoy with Yeading valuers.

Yeading Lease Extension Example Cases:

Ibrahim, Yeading, North London,

Ibrahim owned a conversion flat in Yeading on the market with a lease of a few days over fifty eight years left. Ibrahim informally spoke with his landlord a well known Manchester-based freehold company for a lease extension. The landlord was prepared to grant an extension on non-statutory terms taking the lease to 125 years subject to a new rent initially set at £100 per annum and increase every 25 years thereafter. Ordinarily, ground rent would not be due on a lease extension were Ibrahim to invoke his statutory right. Ibrahim procured expert legal guidance and was able to make a more informed decision and handle with the matter and readily saleable.

Yeading case:

Dr Matthew Ward moved into a garden apartment in Yeading in January 1999. The dilemma was if we could approximate the price could be for a ninety year extension to my lease. Similar flats in Yeading with 100 year plus lease were valued about £255,000. The mid-range ground rent payable was £50 collected annually. The lease ended on 7 January 2096. Taking into account 70 years remaining we calculated the premium to the landlord to extend the lease to be between £9,500 and £11,000 not including professional charges.

Decision in Ealing

An example of a lease Extension case for a Yeading property is 25 Beechwood Avenue in November 2012. the Tribunal accordingly determined that the premium for the lease extension should be £24,353. This case affected 1 flat. The unexpired term was 58.19 years.