FREE Calculator for Lease Extensions in England and Wales.

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Just because you don't have an absolute right to extend your lease, you can always try to extend you lease via negotiation. Fridays can handle your negotiation and other lease extension duties for you.

The first question you need to ask is "Can I Extend My Lease?"You can start a negotiation with your Freeholder at any point, but its best to at least be armed with an estimated Lease Extension calculation, or better yet a full lease valuation from a chartered surveyor.This will let you...

If you are a leaseholder you have a right to extend your lease, however if you don't the property will revert to the freeholder once your lease expires. Your options are:Get a lease extensionThe first step here is to get an estimate using a Lease Extension calculator using this you will have an...

Lease Extensions should only be considered if the cost of the extension is lower than the value added to the property.  That said, you may still need to find a considerable sum to cover the premium and associated fees and may be considering a loan or mortgage extension.Fridaysmove are not a...

The first step in any lease extension procedure is to get a proper leasehold valuation, there are many lease extension calculators online but these can only provide an estimate.When it comes to short leases almost every mortgage provider has a different lending policy. This can mean that, depending...

How do you know what you should be paying your landlord for a lease extension ? Or, If you a buying a flat, how do you know how much you should discount your offer on a property with a short lease ?Whist there are a number of good lease extension calculators on the web, including the Fridaysmove...

Most on line lease extension calculators will require specific information before the calculation can be made:•    the remaining number of years on the lease•    the long lease value of the property•    the rent, including any...

London Lease Extension – Property and Leasehold DetailsThe Lonodn property in question was a leasehold property known as 5 Newlands Court, Footscray Road, Eltham, London SE9 2SS. The lease details are as follows: Date of lease 21 January 1964Term of lease 98 years  (less 10...

An example of a recent Lease Extension tribunal decision in Birmingham for a maisonette property in the Halesowen area.

The Leasehold Advisory Service lists 16 Midland/Birmingham lease extension specialists. This list does not purport to be comprehensive, approved or recommended list. Other Birmingham lease extension practitioners not on the list may also be able to assist you. The list below does not constitute a...

If you have a less than Eighty year remaining on your lease do not burry your head in the sand. The shorter a lease term becomes, the more costly it is to rectify the problem later with a lease extension . There are examples of lease extension premiums at least doubling within a few years,...

Our Lease Extension Calculator is based on the formula in the Leasehold Reform Housing and Urban Development Act 1993 (as amended) and provides an estimated premium for a leaseholder based on 90 additional years.The actual calculation used by Leasehold Valuation Tribunals is more complicated and...

Fridaysmove Birmingham Conveyancing Fridaysmove Team have been reporting  an increased number of calls relating to lease extension in Birmingham and the Midlands. Leasehold conveyancing in Birmingham is becoming more and more  problematic as an increasing number of apartments come onto...

This summary relates to a lease extension in Camden by London Leasehold Valuation Tribunal. The decision was made in 2004. The application was under section 48 of the leasehold reform, housing and urban development act 1993. The leaseholder was Susan Feld and the landlord was Hildron Finance...

This is a summary of a Birmingham lease extension decision The Leasehold Valuation Tribunal where it was ordered that The leasehold owner was entitled to a lease extension upon the terms to be decided by the Leasehold Valuation Tribunal for determination of those terms including the amounts...

There are a number of different lease extension calculators on the web. The following advice applies whichever one you use.Some companies offering leasehold calculators charge a nominal fee. Such companies justify the for this service due to the fact that each computation is carried out...

Leasehold owners of flats and maisonettes whose leasehold is due to expire within the next 60 or 70 years should apply to have it extended while property prices remain relatively low throughout the UK.Whilst there are some exceptions as to who is entitled to a lease extension, the vast majority...

It is not uncommon to find leasehold properties in London which have a short number of years left to run on the lease (often referred to as the ‘unexpired term’ ). If this is the case, consideration needs to be given to applying to extend a lease.Why extend the lease?Once the...

When buying a leasehold property it is very important find out, very early on, how many years there are left on the lease, ie, the unexpired term. If the term is for less than 75-70 years then you should find out from the seller whether he is prepared to serve Notice on the landlord to extend the...

Lawyers and Conveyancing solicitors have called for reform of the rules on leaseholds, alleging that some landlords and freeholders are taking advantage of home owners who do not understand their rights on lease extensions.Former Law Society president, Paul Marsh, is reported in the Times as saying...

If you have bought a flat with a lease with 82-90 years remaining you need to be quickly thinking about a lease extension. The crucial time to extend is before you fall bellow the 80-year period, at which juncture it becomes a lot more expensive to obtain a lease extension.Once a lease has less...

As the Conservative manifesto was silent on the leasehold issue, leasehold conveyancing lawyers do not expect any immediate legislation concerning lease extensions or enfranchisement generally . In the lead-up to the election, Housing Minister Grant Shapps made no mention of leasehold reform (not...

Applying to extend the lease of a flat can be a complicated procedure so you should instruct a conveyancer or solicitor with experience in this area to assist you. The legislation governing the right  to apply for a new lease is the 1993 Leasehold Reform Act (as amended) and it is for the...

If you currently own a flat built during the 1960,s, 1970’s or 1980’s, with a 99 year lease, you may experience difficulty in selling or mortgaging.  This is due to the fact that, in the current climate, leases under 70 years can be particularly difficult to sell, and your property...

As of last Wednesday, £ signs must have been flashing before the eyes for UK freeholders. One of the UK’s largest mortgage lenders, Alliance & Leicester, announced a radical change to their requirements for lending on residential leasehold properties with short lease...

After a lease drops below 80 years, the cost of a lease extension escalates dramatically . A short lease can also make a property hard to sell as lenders typically lend only on properties with at least 55 years on the lease. There is no clear agreement ( even amongst lenders ) as to what...

Just to clarify the terminology here, the reference to collective enfranchisement means the ability to purchase the freehold off your landlord. I have recently read a comment by a specialist in enfranchisement and lease extensions who actively promotes the virtues of purchasing your freehold as...

London estate agency Douglas & Gordon were recently quoted in the Metro newspaper as having a significant proportion of properties on their books with less than 80 years to run.  According to their records up to 40 per cent of properties for sale under £500,000 have less than 80...

The lease which was the subject of the lease extension related to a property known as 296 The Ridgeway. The lease was for a term of 99 years running from 25th December 1959 at a ground rent of £15 per annum payable for the whole of the term.The leasehold owners and the freeholder were in...

The leasehold owners hold the premises pursuant to a lease dated 26h July 1991, which granted them a term of 99 years from 1st January 1990. By a lease extension notice dated 19th October 2005 the leasehold owners served on the landlord a notice seeking a lease extension pursuant to Part II of the...

Recession hits leasehold valuation caseloads precisely at the time when people should be increasing lease extensions.  The President of the Leasehold Advisory Service (LEASE) has recently advised at the annual conference that the recession has had an impact on the number of enfranchisement...

Leasehold Valuation Tribunals, known for dealing with lease extensions,  are organised by Rent Assessment Panels under the auspices of the Residential Property Tribunal Service (RPTS) in England and the Welsh Assembly in Wales. Leasehold Valuation Tribunals are independent and impartial...

On hearing the application made under Section 48 of the Act for a determination of the price payable under a claim for a lease extension in relation to the flat at 12 Windcott Court, Draycott Avenue, Middlesex the Leasehold ValuationLeasehold Valuation Tribunal  decides that the Leasehold...

In the last couple of days Bank of Ireland have updated their legal requirements to conveyancing lawyers via the CML Lenders Handbook in relation to a minimum number of terms remaining on leasehold properties. Bank of Ireland have changed their minimum term requirement from 70 years to 65...

Regarding a recent Lease Extension in Brighton -On the 5th April 2005 the initial lease enfranchisement notice was served and a counter-notice was  served dated 10th June 2005 accepting the leaseholder’s right to enfranchise but  disputing the price and seeking an indemnity in...

296 The Ridgeway St Albans, Hertfordshire was subject to a lease for a term of 99 years running from 256' December 1959 at a ground rent of £15 per annum payable for the whole of the term. Event though the matter of the cost of the Lease Extension in St Albans had come before the Leasehold...

This was an application pursuant to section 48 of the 1993 Act seeking a determination of the price payable in respect of a 90 year lease extension in respect of the leasehold premises in  Hoxton Street, London N1 6SHBy a notice dated 7/4/06 the leasehold owners sought a lease extension for a...

This lease extension case was heard by the  Leasehold Valuation Leasehold Valuation Tribunal Pursuant to application under section 48 of the Leasehold Reform, Housing and Urban Development Act 1993 for the determination of the price to be paid in respect of a lease extension for the property...

In April 2006 The Leasehold Valuation Tribunal  was asked to determine an application under Section 48 of the Leasehold Reform Housing and Urban Development Act 1993 (hereinafter called "the 1993 Act") for the determination of a lease extension for  Flat 7, and Basement Lock-up Store...

This matter arises from an application made by Leaseholders who sought a lease extension in respect of their flat in Douglas Avenue, Exmouth, Devon, EX8 .The Leasehold Valuation Tribunal to determine was therefore the price payable by the tenants for the lease extension, and the percentage uplift...

On 3 December 2008 Willesden County Court in London transferred freehold via a vesting order for property in Craven Park, London NW10 8SU  under section 26 of the Leasehold Reform, Housing and Urban Development Act 1993 ("the Act") vesting the freehold in the Nominee Purchaser, in the belief...

You may be concerned about owning a leasehold property but if you are interested in purchasing the freehold reversion for your building then do bear in mind that there are cons as well as the significant pros.  Whilst it obviously is appealing to have the destiny of your maintenance, insurance...

The Times has recently published an article advising how leaseholders can fight back on exorbitant service charge invoices.Leaseholders who are unable to resolve their concerns about service charges by direct dialogue with the landlord or managing agent can also take their case to the Leasehold...

One of the facts that you will be most  interested to know when you are purchasing a residential leasehold property is how many years the lease has remaining.   The number of leasehold properties have increased considerably since the 1950’s and 1960’s.  Areas of...

How C&G have created a need for lease extensions

If you own a leasehold property you may wish to buy the freehold. But what happens if you have an absentee freeholder or missing landlord? In such circumstances it will not be possible to serve an initial statutory notice exercising your statutory enfranchisement rights. To cover this situation,...

The information below is intended as a general guide only and is not a substitute for legal advice. It has been produced jointly by the Association of Residential Managing Agents (ARMA), the Association of Retirement Housing Managers (ARHM), the Department for Communities and Local Government...

You would be forgiven for feeling baffled by the law of lease extensions as it so complex and quirky as to baffle more than a few conveyancing solicitors.

You may be thinking of selling or refinancing your leasehold flat and trying to work out when it is the right time to start the lease extension procedure. Here are a few tips.

The Enfranchisement Awards 2009 were held at a Central London on 18th May 2009.  The Awards celebrated excellence in the UK leasehold enfranchisement and lease extensions. The Awards were sponsored by Langley Taylor ( http://www.langleytaylor.co.uk/ ), Pemberton Greenish, Wallace LLP,...

It is somewhat of a paradox that if you have more than 80 years remaining on your lease you are unlikely to feel the need for a lease extension. Indeed may lenders and conveyancing solicitors alike are happy with leases of 70 years plus.   That being said the best time for lease...

Can you just leave things as they are? You can if you wish, but they will invariably get worse. The shorter a lease term becomes, the more costly it is to rectify the problem later with a lease extension . We have heard of examples of lease extension costs at least doubling within a few years,...

Advice on lease extension premiums in light of recent case law

The most common dispute in both collective enfranchisement claims and lease extension claims pursuant to the Leasehold Reform, Housing and Urban Development Act 1993 is the dispute over the premium to be paid. There is also, however, often some confusion about when all the terms of acquisition are...

Follow this list of do's and don'ts when extending your lease