Leasehold Extensions

If you intend to purchase a property subjected to a leasehold you’re certain to have difficulty finding a mortgage lender if the lease does not have long to run. Alternatively, if you’re selling a leasehold property, buyers will often be reluctant to make an offer if it’s subjected to a short leasehold, not just because they are likely to find it difficult to obtain a mortgage, but due to the insecurity this brings too.

What’s more, the less time a leasehold has left to run, the more expensive it becomes to renew. In short, whatever your situation, it pays to have as long as leasehold as possible. It is not possible to state exactly how much it will cost to renew a leasehold due to the complexity of the work involved but it pays to get advice early.

For a free initial consultation on extending your leasehold, contact Online Conveyancing today!

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