Lease Extension Solicitors in Kent & South East London
Aletta Shaw's solicitors help leaseholders extend the lease on their flat, protecting its value and making it easier to sell or mortgage. We advise on your statutory rights, negotiate with the freeholder and handle the legal process from start to finish.
Key fact: Once a lease drops below 80 years, extending it becomes significantly more expensive because of an extra cost known as marriage value, so it is best to act early.
Leaseholders of flats usually have a legal right to extend their lease, and the rules are set out in leasehold reform legislation. Source: gov.uk.
Frequently asked questions
Why should I extend my lease?
A short lease reduces the value of your flat and can make it hard to sell or mortgage. Extending protects the value and your ability to sell in future.
When should I extend my lease?
Before it drops below 80 years. Once under 80 years, an extra cost called marriage value applies, making the extension considerably more expensive.
Do I have a right to extend my lease?
Most flat owners who have owned the property for at least two years have a statutory right to extend. We can confirm whether you qualify and advise on the process.
How much does a lease extension cost?
The premium payable to the freeholder depends on the length of the lease, the property value and ground rent. We work with valuers and give you a clear picture of the likely costs.
Speak to Aletta Shaw Solicitors for a free initial call on 020 8301 4884, or book a consultation. Offices in Bexleyheath, Blackheath, Petts Wood, Tunbridge Wells and St Katharine Docks.