Extend Your Lease - When you sell your property you want the best price.
Leasehold properties are recorded on Land Registry. The details that they hold cover
1) The owner of the Freehold
2) The term of the Lease.
When you are about to sell a leasehold property you should check that the lease remaining will provide you with a buyer being prepared to buy the property at the best possible price. Why not discuss your sale with your Conveyancer.
If you are buying a property with a lease, then you should buy it with a lease that protects you if you decided to sell the property. You will want to receive the best price for your property. Discuss your purchase with your Conveyancer.
Conveyancers who specialise in lease extensions are members of ARLA - Association of Residential Letting Agents.
Please note that some mortgage lenders have a minimum remaining lease term before they will lend on a property.
To get an accurate conveyancing lease extension quote simply use our conveyancing comparison calculator.
1) Enter your Selling or Buying property details
2) Choose your Lender that you will be using for your mortgage
3) Filter your results by either cheapest or nearest
4) Book say 2 Conveyancers to call you at a specific time
5) Discuss your quotation and ask your Conveyancer to detail to you the additional charges for managing your lease extension.
Legal experts, to price accurately, will need to know the remaining length of the lease term.
The freeholder will negotiate the cost of the extension by reviewing what the property is worth.
To turn a leasehold with less than 80 years remaining will be costly - So please ask your Conveyancer about this.
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