Hughes Solicitors
19 High Street
Heathfield
TN21 8LU

8:45am to 5pm
Monday to Friday
(evenings and weekend
by prior appointment)

Hughes Solicitors
19 High Street
Heathfield
TN21 8LU

8:45am to 5pm
Monday to Friday
(evenings and weekend
by prior appointment)

Extending a lease

Flats and apartments (and some houses) are usually built and sold on a leasehold basis, so that ownership only lasts for a certain number of years – as opposed to freehold ownership, which lasts indefinitely.

The shorter a lease becomes, the more difficulties that can arise in a sale of that property. If a lease falls below 80 years, the costs of extending the lease can become disproportionately high. Some lenders may refuse to loan a mortgage for the property, and you could find yourself having to the sell the property for a lot less than you anticipated.

It is important to consider the advantages of extending the term of a lease sooner rather than later, and our property law team can advise you on your particular circumstances.

 

For information on legal costs

Please call our property team to obtain a bespoke quotation.

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Contacts

For more information on any issues related to a property lease, please contact:

on 01435 890101.