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Mortgage Lenders and Short Leases

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.  

Lease Extension Calculator or Specialist Surveyor?

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?

Why you should use a Lease Extension calculator

If you have a less than eighty years remaining on your lease do not bury 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.

Why now is the right time for a lease extension

Leasehold owners 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. The vast majority leasehold owners have a legal right to extend their leasehold. 

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