Specialist Property Lawyers
Do I need to extend my lease now?

  • If you have 100+ years remaining on your lease, you don't need to extend and you wouldn't worry about it at this stage;

  • If you have less than 95 years remaining on your lease and are planning to sell the property, think about extending as a means of ensuring you receive full market value.

  • If you have 80-85 years remaining, you need to take action now to avoid Marriage Fees (an extra fee payable to the freeholder when you extend).

  • If you have less than 70 years remaining, potential buyers will have difficulty getting a mortgage on your property. You need to extend and it may be expensive.

For more information call Simon West on: 01276 62641