Five steps to take before selling your home
Selling your home is a significant decision which deserves careful planning and preparation to ensure the process is as smooth
Acting early to extend your lease can save you money and significantly increase the value of your home.
The number of years remaining on your lease can have a significant impact on the asking price of your home. Many leases are granted for a period of 99 to 125 years, but once the term of your lease has gone below 90 years it is likely the asking price of your property will fall. Once it has gone below 80 years, few mortgage lenders will lend against your property, limiting the purchase to cash buyers only.
Extending your lease can be a complex and expensive process, but it will significantly increase the value of your home. To formally extend your lease, it is important to use a legal specialist who can tell you whether you are eligible for a lease extension, and take you through the whole process. Your solicitor will ensure your legal rights are protected with the right agreement in place, and take care of registration and other formalities.
Don’t leave extending your lease to the last minute. It can be a lengthy process, and delay could be costly and impact the value of your home. Our conveyancing team will help you through all the legal aspects of your lease extension, keeping you informed at all times and overcoming issues that may arise.
Very informative all the time, clear instructions and a very fast result. A pleasure to work with. Highly recommend.
Other areas our property conveyancing solicitors can help you with include:
Whether you’re extending a lease, planning for the future or managing family matters, our legal and financial experts work together to give you clear, joined-up advice. With everything under one roof and guidance you can trust, we’ll help you move forward with confidence.
If you’d like to meet one of our lease extension experts for a confidential, no obligation chat, please get in touch. We have offices across Cambridgeshire, Essex and Hertfordshire, but we can help you wherever you are in England and Wales.
The financial services provided on this page are by Tees Financial Limited, authorised and regulated by the Financial Conduct Authority. Registered number 211314.
Our legal services are regulated by the Solicitors Regulation Authority.
Selling your home is a significant decision which deserves careful planning and preparation to ensure the process is as smooth
Buying or selling a house can be an exciting process but we understand there is a great deal of terminology
Stamp Duty Land Tax (SDLT) is a critical tax levied on property purchases. As we approach April 2025, notable changes
As we approach the new year, Zoopla has highlighted trends in the UK property market in 2024. It is expected
If you’d like to meet one of our experts for a confidential, no obligation chat, please get in touch.
