Top reasons for Anerley lease extension

Top reasons for lease extension now:

A Anerley lease depreciates with the years remaining on the lease.

Chances are that if you own a flat in Anerley you actually own a long leasehold interest over your property

An extended lease has roughly the same value as a freehold

It is generally considered that a residential leasehold with in excess of 100 years unexpired lease term is worth approximately the equivalent as a freehold. Where an further 90 years added to any lease with more than 45 years left, the residence will be worth the same as a freehold for many years in the future.

Lenders will not issue a mortgage on a short lease

Why use us for your lease extension in Anerley?

Regardless of whether you are a tenant or a freeholder in Anerley,the lease extension experts that we work with will always be willing to discuss any residential leasehold matters and offer you the benefit of their in-depth market knowledge and the close ties they enjoy with Anerley valuers.

Anerley Lease Extension Example Cases:

Ollie, Anerley, South East London,

Ollie was the the leasehold owner of a 2 bedroom flat in Anerley on the market with a lease of fraction over 59 years outstanding. Ollie on an informal basis spoke with his freeholder a well known local-based freehold company for a lease extension. The landlord was keen to agree an extension on non-statutory terms taking the lease to 125 years subject to a new rent at the outset set at £150 per annum and doubled every twenty five years thereafter. No ground rent would be payable on a lease extension were Ollie to invoke his statutory right. Ollie obtained expert legal guidance and was able to make a more informed judgement and handle with the matter and sell the flat.

Anerley case:

In 2014 we were e-mailed by Mr Jasper Dupont who, having was assigned a lease of a garden flat in Anerley in June 2005. We are asked if we could shed any light on how much (roughly) premium would be for a 90 year extension to my lease. Similar properties in Anerley with a long lease were worth £210,000. The average ground rent payable was £50 billed yearly. The lease came to a finish on 10 March 2106. Given that there were 80 years remaining we calculated the premium to the freeholder for the lease extension to be within £8,600 and £9,800 exclusive of professional charges.