Extending a lease

Leaseholders have the right to extend a long residential lease by at least 90 years in addition to the unexpired term. The primary reason to extend a lease would be to make a property more marketable. 

Short leases can be difficult to sell, and mortgage providers often won’t provide a loan on properties with less than 50 years remaining on the lease. Furthermore, the shorter the lease gets, the more your property may decrease in value whilst the cost of extending the lease increases.

Our In-Deed Solicitors offer lease extension services.  Want more information on what such a transaction might entail? Or do you want assistance from In-Deed on another aspect of your conveyancing? Call us on 0800 038 6886 now. Our lines are open 7 days a week.

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