Lease Extension Services

Exercising your legal right to extend the term of your leasehold property

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ALL INCLUSIVE
reliable quality
FIXED FEES
ACCESSIBILITY

All-inclusive professional services

Both Legal and Valuation services are required in successfully bringing a statutory lease extension claim.

We have saved you the trouble of tracking down the right specialists by presenting an award winning team to work on your Lease Extension.

The caliber of your representatives is exceptional, our Solicitors are consultants for top 60 UK law firms. Read more about our members by clicking here

What's Included:

  1. Your surveyor's inspection and creation of your valuation report
  2. Solicitor's verification of your qualifying criteria under law
  3. Solicitor creation and service of your Section 42 Notice
  4. Registration of your Notice at the Land Registry
  5. Dealing with the legal requests from your Landlord (e.g. payment of landlord's deposit)
  6. Advice about the Landlord's Counter Notice
  7. Solicitor's negotiation & agreement on the form of the new draft lease
  8. Dealing with signing stages of the document
  9. Dealing with the Conveyancing transactional stages
  10. Registering your Lease Extension at the Land Registry and the payment of their fees.
  11. Delivering your new lease extension deeds to you once registered.
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Proven and reliable expertise

The subject of Lease Extensions can be quite complex and a risky endeavour for the uninitiated.

The legislation sets out intricate requirements and deadlines carrying consequences which can be severe; these pitfalls  can easily catch out those unaccustomed to dealing with such work.

We are proud to present award-winning Solicitors and Surveyors to represent and guide you in your claim.

Our experts are accredited by the following organisations:-

But you do not have to take our word for it, feel free to read client testimonials

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Transparency of costs

We are proud to present a fixed fee price for Lease Extension Services at the total cost of £2400+VAT, which is cheaper than the market rate for engaging separate practitioners. This fee will cover both your Solicitors services as well as your Surveyor's inspection and valuation report* as well as all standard disbursements (payments to third parties).

Within the industry it can be difficult to obtain a price quotation for the services involved.

Many practitioners will require that you agree to an hourly rate spend with vague information about how many hours this will involve.

You may for example discover down the line that there are surprise add-ons (known as disbursements) for things such as Bank Charges, Land Registry Charges, Client searches, the list goes on, and these can add up.

*For our presented services, we showcase full transparency for your costs.  Although there can be rare circumstances, such as a dispute arising between you and your Landlord that can unavoidably lead to extra work and costs involved,  in the vast majority of cases, this will not be relevant. Upon request can also provide you with detailed information, for any extra costs to cover those unusual situations.

Get in touch for more information

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Ease of use and  efficiency

Supported by state-of-the-art systems and infrastructure, our experts endeavour to make the experience as painless as possible.

We are approachable and friendly, but we also understand that our clients lead busy lives and so all our processes can be carried out remotely and it is likely that you will not need to visit anybody in person throughout the process unless you want to.

Client on-boarding is simplified and moreover, signings of documents can also be done remotely with ease, and we pride ourselves with being flexible to be able to tailor our services to meet your own circumstances.

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Is your Lease length running low?

The property market dictates that  a lease that has fewer than 90 years remaining is considered "short", and as those years dwindle further, Mortgage Lenders will refuse to finance the purchase of  such properties. This means that the value of your property will decease along with the decreasing of the lease term.
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The Statutory Process - legislation empowers leaseholders who have owned for at least 2 years, with the right to extend by 90 years, and it provides a formula as to how much the Landlord will receive in exchange. This price is heavily influenced by how short the lease currently is. As you can see from the above diagram, this can be a substantial increase once the term falls below 80 years.

In other words, the longer you wait to extend, the more expensive it will cost to extend. We invite you to try the below lease extension calculator that will provide you with a idea of how much to expect.
TRY OUR LEASE EXTENSION CALCULATOR

Benefits of extending using
the Statutory Process

Immediately put a stop to the lease length  falling shorter and diminishing your property value.

The contents of your new lease is regulated by law. Meaning your landlord can't insert any new nasty conditions in there.

The Ground Rent in your lease will be reduced to a peppercorn (nil)

Realise the full potential of your asset by maintaining its optimum market value

Expert Legal and Valuation advice
at your fingertips

You will need a Solicitor and a Chartered Surveyor to assist you in not only achieving a Lease Extension, but also making sure you get the best possible outcome.
We are proud to present a one-stop-shop solution
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Frequently asked questions

How much does it cost?

There are certain categories of costs for a Lease Extension:-

The Premium, your Landlord's Legal and Valuation Costs, and your own costs. We explain each as follows:-

  • The Premium - This is the lease extension price that you must pay your Landlord in exchange for the Lease Extension. The law determines how this sum is calculated, using a formula that accounts for how short your lease currently is, amongst other factors.  This is likely to be the most significant component compared to the others. You will need a Surveyor to advise you on this. But you can use our own Lease Extension Calculator to get an estimate that should help you prepare.

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  • The Landlord's Legal and Valuation costs -  The law requires that you must pay the Landlord's costs involved. However under the law these are regulated both on what type of costs that they can be, as well as the quantum of these costs. You will not be able to discover this element before you make your claim, however, you can achieve a rough estimate of the likely costs by referring to your own Legal and Valuation costs.

 

  • Your own Legal and Valuation costs - these are the services that we present to you. This sum is offered at competitive fixed price of £2400+VAT which is inclusive of disbursements (additional related costs to third parties). This price is all encompassing for the vast majority of lease extension claims.   If your matter requires additional work, such as in the unlikley situation that you must apply the First-tier Tribunal, on account of a dispute, then we can provide a breakdown of those optional extras

Do you offer discounts?

Yes. Leases are typically uniform within Estates; this means that if you need a lease extension, it is likely that your neighbours also do as well. Therefore we have adopted a "Refer a Friend" discounts scheme, in which discounts are proportionally greater the higher the number of leaseholders engage the services. For more information, please see our Discounts Table here

Can I extend while selling?

A statutory lease extension takes approximately 6 months which is unavoidable due to the legislative timescales for stages to take place. Therefore if you are trying to sell this timing presents a problem as your purchaser will no doubt want the extension completed before buying. You have three options:-

  1. You can try to reach an agreement with your Landlord on an informal basis. If you are successful, then a Solicitor can assist you with bringing effect to that you agreement in unison with your sale.
  2. You can try to align the timing of your sale with the completion of the statutory extension process (thereby using the proceeds of sale to fund the extension). Please contact us if you wish us to assist with this.
  3. You can commence a statutory claim, and have your Purchaser continue the process after they buy. However your buyer has to agree to effectively be purchasing your short lease with only your entitlement being handed over. The benefit of this arrangement is to enable the buyer to avoid the 2 year ownership period.  Please contact us for a quote if this scenario pertains to you.

When do I need to pay?

In terms of our services, we ask our clients pay £500 on account, and the rest will be asked on Completion of the lease extension transaction.

In terms of overall sums, the law requires that when you instigate your claim you must be prepared to pay your Landlord a 10% deposit of your offered Premium sum. The rest being payable on completion.

How long does it take?

A statutory lease extension takes approximately six months to complete, but this is highly variable on how negotiations unfold which is different in every case. However, ultimately, the law has been designed to enable you to proress the matter should there ever be an impasse, so you can be confident that you will achieve your lease extension

124 City Road, London, England, EC1V 2NX
020 3549 9996
Want to commence the process?

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