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Extending a Lease On a Flat

Selachii can give you expert advice on how to extend the lease on a flat.

Our specialist team has experience helping customers in London, including Kensington and Chelsea, gain lease extensions for flats, which can significantly increase their market value. If you believe you could benefit from extending the lease on your flat, please contact us to find out how we can help you.

As a boutique law firm based in Notting Hill, London, we pride ourselves on giving our clients bespoke advice which is tailored to their unique personal situation. Our specialist residential conveyancing solicitors will negotiate on your behalf and make sure the complex process of leasehold extension goes as smoothly and efficiently as possible.

It is becoming more and more common for properties to be sold on a leasehold basis, particularly flats and apartments. In many parts of London, including Kensington, the majority of properties are sold on a leasehold basis with buyers purchasing the right to live there for a set period of time.

Flats which have been built recently often have leases of 99 years or 125 years. This may seem like a long time but it is a good idea to consult Selachii about how to extend the lease on your flat sooner rather than later.

As your lease becomes shorter, it becomes more expensive to extend it and it can become more difficult to sell your property. Many mortgage providers will refuse to lend money for a property if the lease is considered too short.

If you have owned your flat for more than two years, you may be able to request a lease extension. Our friendly and approachable team will be able to talk through the details with you and discuss your options in an informal and easy to understand way.

Selachii’s experience and skills in negotiation will ensure you will not pay more than is necessary to secure a lease extension for your property. Our solicitors can also advise you on whether you can buy the freehold of your property. If you already own a share of the freehold then extending your lease is usually a fairly straight-forward process.

We are also able to help in situations where there is an absentee freeholder. If you are a leaseholder and your landlord disappears or becomes impossible to contact, this can create serious difficulties when it comes to trying to sell your property or extend your lease in the future. Many mortgage lenders will refuse to approve loans for properties where there is an absentee freeholder.

Selachii can help you resolve this problem in a number of ways. Our team will try and trace the freeholder and we will take the necessary steps to purchase the freehold from the absent landlord.

If you own a share of the freehold, you may also experience problems if one of your co-owners becomes absent. We can guide you through the complicated statutory procedure necessary to extend your lease in these circumstances, which may involve going to court.

Selachii LLP – London – 020 7792 5649

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