Stop! Your Lease Extension in Robertsbridge Could Be FREE

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Many leaseholders in Robertsbridge are unaware that their original lawyer had a duty to warn them about future mortgageability and saleability issues. Before you pay thousands to your freeholder, let us audit your purchase history. You might have a claim that pays for your lease extension in full

If you are facing a significant premium because your lease in Robertsbridge has dropped toward the 80-year mark, your previous lawyer may be at fault. Our panel of experts specialise in recovering lease extension costs from negligent firms who failed to protect your investment.

Main reasons to start your Robertsbridge lease extension

Main reasons to start your Robertsbridge lease extension today:

Increase your lease and increase your Robertsbridge property value

Chances are that where you own a flat in Robertsbridge you actually own a long leasehold interest over your property

Robertsbridge property with a lease extension is almost the same value as a freehold

It is conventional wisdom that a residential leasehold with more than 100 years remaining is worth approximately the same as a freehold. Where an additional 90 years added to all but the shortest lease, the property will be worth the same as a freehold for many years ahead.

Lenders may not grant a mortgage with a short lease

Most banks have tightened lending criteria in the last ten years and borrowers are finding it increasingly difficult to raise finance or re-mortgage against property with shorter lease terms, particularly below seventy years as they are regarded as insufficient for lending purposes.

Lender Requirement
Bank of Scotland Minimum 70 years from the date of the mortgage.
Birmingham Midshires Minimum 70 years from the date of the mortgage.
Chelsea Building Society 85 years from the date of completion of the mortgage. Please ensure that you explain the implications of a short term lease to the borrower.
National Westminster Bank Mortgage term plus 30 years.

For Shared Ownership, the remaining term of the lease must be at least 75 years plus the term of the mortgage at the outset of the mortgage.
Royal Bank of Scotland Mortgage term plus 30 years.

What makes us experts in Robertsbridge lease extensions?

Retaining our service gives you enhanced control over the value of your Robertsbridge leasehold, as your property will be more valuable and saleable in relation to the lease length should you wish to sell. The lawyers that we work with have a wealth of experience of handling many hundreds of lease extensions or freehold purchase transactions.

Robertsbridge Lease Extension Example Cases:

Bethan, Robertsbridge, East Sussex,

Subsequent to unsuccessful negotiations with the freeholder of her purpose-built apartment in Robertsbridge, Bethan started the lease extension process as the eighty year deadline was rapidly approaching. The legal work was concluded in April 2007. The freeholder’s costs were negotiated to slightly above 450 GBP.

Robertsbridge case:

Ms Daisy Lee owned a purpose-built apartment in Robertsbridge in October 2004. We are asked if we could shed any light on how much (roughly) premium would be to prolong the lease by ninety years. Identical premises in Robertsbridge with a long lease were in the region of £235,200. The mid-range amount of ground rent was £45 invoiced annually. The lease terminated on 3 September 2092. Given that there were 66 years outstanding we estimated the compensation to the landlord for the lease extension to be between £12,400 and £14,200 exclusive of expenses.

Robertsbridge case:

Mrs R Michel acquired a garden apartment in Robertsbridge in October 2003. The question was if we could estimate the price would likely be for a 90 year lease extension. Similar properties in Robertsbridge with 100 year plus lease were valued around £275,000. The mid-range ground rent payable was £55 invoiced quarterly. The lease expiry date was in 2103. Considering the 77 years remaining we approximated the compensation to the landlord to extend the lease to be between £13,300 and £15,400 exclusive of costs.