Short leases are a common problem and many leaseholders don’t realise that this can impact the future sale of their property.
Most flats are purchased as leasehold properties, meaning that the flat owner has the right to live in their property for the length of the lease, but doesn’t own the building itself. When a lease drops below 80 years, it’s a good time to consider extending it as additional costs start to be incurred. It can also be hard to sell, or get a mortgage on, a flat with a short lease.
But don’t worry! Our lease extension specialists have many years industry experience. We’ll guide you through the legislation and the pitfalls to avoid when extending a lease, working alongside you and your solicitor to negotiate the best deal. For courteous, professional service and the guidance you need at a competitive rate, call our team on 01702 443 544 or visit leaseadvice.co.uk/lease-extension
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Leasehold advice is just one of our in-house services. We aim to be the best property specialist out there, covering proactive property management, residential lettings, property insurance surveying and more. Check out our Instagram page for updates on how the wider Gateway Group can help you.