residential right to manage southendDo you have a short lease?

It’s a little known fact that leases have an end date and if reached, ownership of the leasehold property will return to the freeholder.

There is usually no need to panic - these dates are often many years into the future and you do have a legal right to extend your lease or purchase the freehold. This is a complex subject and it’s important to take professional advice to ensure you pay a reasonable price for any changes negotiated.
 

Do you know the length of your lease?

Are you aware of the remaining term or expiry date of your lease? The longer your lease is, the less you will have to pay your freeholder for an extension of the term. At 80 years until expiry it becomes more expensive to extend your lease. If you have less than 75 years to run and you are trying to sell your flat, you may find purchasers expect you to cover the cost of the lease extension. Your mortgage company may also have rules regarding minimum lease length.

But don’t worry – the law is on your side, your mortgage company may help finance the extension and we are here to help. Call us today – we will be happy to review your current situation. Our expert team will give you clear, professional advice and outline the options you have to avoid any future issues with your lease.

 

Our commitment to you

 

  • Secure, reputable, experienced, NAEA Licensed Agent.
  • Accessible, knowledgeable property specialists.
  • Expert leasehold advice & management.
  • Freehold purchase & lease extension experts.
  • Here for advice & support - 7 days a week & evenings.
  • Care & professionalism you’ll find second to none.

For a swift solution to your property needs,

call us on 01702 445 613.

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