Having a short lease presents challenges for both buyers and sellers. Lenders usually won’t lend against short leases because once the lease drops to below 80 years, the property value decreases. A longer lease is considered a less risky investment, but securing one is difficult to do on your own.
Getting your lease extended can increase your property’s value, but it can be a long process, often taking 2–12 months. Extending your lease is a legally complex process that should be done with the help of an experienced lease extension solicitor. At Graham Evans & Partners Solicitors, we offer leasehold advice at a set fee for transparency and efficiency.
Why You Need a Lease Extension Solicitor
A lease extension is an important step in protecting your property’s value. It requires significant legal work, including preparing the new lease, ensuring the wording is accurate, and registering it at the land registry. With specialist lease extension solicitors by your side, the process becomes simpler, your rights are upheld, and your investment is safeguarded. Here’s how GEP Legal can help you extend your lease:
Leasehold Expertise
Our solicitors have in-depth knowledge of the Leasehold Reform, Housing and Urban Development Act 1993 the foundation of lease extensions. We offer professional advice during every step from eligibility checks and accounting for costs like ground rent, the lease extension premium payable, legal fees, and land registry fees to completing the extension.
Valuations and Negotiations
A property valuation is crucial to determine the cost of extending your lease. At GEP Legal, we work with expert surveyors to value your property and provide valuation advice, while our team negotiates with your freeholder to get the lowest possible premium.
Legal Protection
Our expert solicitors are trained to represent you in legal proceedings including a leasehold valuation tribunal if necessary to make sure your legal rights as a leaseholder are fully protected.
Identifying Potential Issues
Our team has extensive experience and reviews every lease document thoroughly to identify clauses or potential issues that could impact your lease extension rights, so there are no surprises along the way.
Our goal is to provide expert service to save time and manage costs for our clients by identifying and handling possible problems early in the process.
Proper Documentation
Extending your lease involves complex legal paperwork. Our legal services include dealing with all documentation with precision to make sure everything is done properly and is legally binding and compliant with regulations.
Why Choose Graham Evans & Partners for Your Lease Extension?
When it comes to leasehold matters, our reputation and expertise speak for themselves. Here’s what sets us apart:
- Fixed Fee Transparency: We offer lease extension services on a fixed-fee basis, with no hidden costs. We give you an accurate cost from the start so you can budget with confidence.
- Specialist Expertise: Leasehold law is complex, but our team specialises in guiding leaseholders through even the most complicated cases.
- Client-Centred: We put your rights and goals first and make the lease extension process as smooth and stress-free as possible.
- Years of Experience: From first-time leaseholders to long-time property owners, our clients have used us to extend their leases successfully.
Contact us today to Request a no-obligation consultation.