Rowlinsons Banner Image

Residential Property

Working on your side and by your side to ensure that you receive straightforward and effective legal advice that is suited to your needs.

Get in touch

  • Free Mobile Conveyancing App

  • Fixed Fees Available

  • Proactive Approach

  • Regional & National Award Winners

  • Law Society Conveyancing Quality Scheme Accredited

Lease Extensions

If you own a property with less than 80 years left to run on the lease then you should act quickly to extend it.

Mortgage lenders are becoming increasingly cautious about lending on properties with less than 80 years left on the lease which could limit your options when you come to sell or remortgage. The only way to address this is to extend your lease or buy the freehold.

What are the reasons why you should extend your Lease?

  • To avoid paying the “marriage value” of the property.  (This is an additional charge on top of the normal lease premium payable to your landlord, and is based on the additional value added to your property if the lease is extended. If the term of your lease drops below 80 years you may be liable to pay this additional cost);
  • To remove the ground rent from lease;
  • To increase the value of your property;
  • To improve the marketability of your property.

If any of the points above apply to your circumstances and you have owned your property for more than two years then you may be eligible to apply to your landlord to extend your lease.  Rowlinsons Solicitors have extensive experience in dealing with lease extensions.  We can prepare the necessary paperwork in this regard and negotiate with your landlord on your behalf.

For further information or to speak to a member of our team please call 01928 735333 or click here for a call back.

For an indication of the possible cost of the premium for extending your lease we would recommend consulting the Leasehold Advisory Service’s Calculator at https://www.lease-advice.org/calculator/. Please note that any such costs are indicative, and we would strongly recommend that a professional valuer is instructed to advise as to the premium.

  • Tom Parkinson
      • 01928 736668
      • View profile
  • Alicia Sheath
      • 01928 736674
      • View profile
  • Grace Price
      • 01928 736719
      • View profile
  • Jackie Vernon
      • 01928 736631
      • View profile
  • Jennifer Horton
      • 01928 736164
      • View profile
  • Jennifer Taylor
      • 01928 736156
      • View profile
  • Laura Briscoe
      • 01928 736718
      • View profile
  • Lauren Doyle
      • 01928 736675
      • View profile
  • Lauren Power
      • 01928 736676
      • View profile
  • Michelle O'Neill
      • 01928 736665
      • View profile
  • Mike Daly
      • 01928 736635
      • View profile
  • Minnie Alam
      • 01928 736714
      • View profile
  • Nicky Jones
      • 01928 736664
      • View profile
  • Nicola Cooper
      • 01928 736634
      • View profile
  • Sarah Jardine
      • 01928 736633
      • View profile
  • Victoria Hands
      • 01928 736162
      • View profile