Lease extensions: sounds technical, but it’s pretty straightforward when broken down. Essentially, if you own a leasehold property, there's a countdown on how long you can call it yours. As this timer gets low, you might think about extending that lease, so you can hold onto your property for longer. We recommend acting quickly if you have less than 80 years left on your lease.
So, do you need to speak to a solicitor when looking to extend your lease? Simply put, yes. It ensures there are no potential loopholes or pitfalls, which could, in the worst case scenario, make your home unsellable.
We've been helping homeowners extend their leases for years. We see the process not just as paperwork, but as a way to ensure you and your family can continue enjoying your home.
The process? We’ll help handle all the technicalities, ensuring that everything runs smoothly. We'll talk with the freeholder, negotiate terms and make sure all legal aspects are squared away. And throughout, our focus is on clarity. We will keep you informed, making sure you understand every step without drowning you in legal jargon.
A longer lease can also boost your property's value, making it a savvy move for the future. With us guiding the way, extending your lease becomes less of a chore and more of a clear pathway to peace of mind.
Clare, head of our residential conveyancing team, has worked in conveyancing on Teesside for over 30 years.
Head of Residential Conveyancing