Information needed when using a lease extension calculator

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 increases

Information will be found in the lease or you can obtain them from the Land Registry or the conveyancing solicitor that dealt with your purchase. Many leasehold properties have an increasing ground rent, e.g. increasing every twenty-five or thirty-three years. These details will need to be noted, as the lease extension calculator will ask for them. Finally, if you cannot make an educated guess of how much your flat is worth with a long leasehold term, you should enlist the help of a local estate agent. If all else fails call the Lease Extension Team at Fridaysmove and they will look to assist with any questions that you may have.