Achieving a high level of service delivery satisfaction is very important to us as a Firm and endeavour to provide value for money.
We offer a personalised conveyancing service to private individuals, handling sales and purchases of residential properties. We also deal with re-mortgages and right to buy purchases from local authorities.
We pride ourselves on our ability to communicate clearly with our clients so that they both understand the conveyancing process and are kept up to date. Achieving a high level of service delivery satisfaction is very important to us as a Firm.
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A lease is a diminishing asset, that is, as the lease gets shorter, the flat decreases in value. It is for this reason that it is desirable to have a long lease which certainly makes it more attractive to buyers when selling the property.
Under various Acts of Parliament, most leaseholders have the right to extend their lease. If the freeholder is reluctant to do this, the leaseholder can force the freeholder to extend the lease by an additional ninety years with the ground rent falling to zero (a peppercorn). Of course, a privately negotiated lease extension on different terms is possible but the freeholder may dictate these terms, possibly resulting in a disadvantageous settlement.
If you are thinking of extending your lease, why not call us at Wainwright and Cummins to discuss your options and the process involved? We can even advise you of the likely premium you will be expected to pay so call us today for a chat!
We are also CQS accredited