Lease extensions

We all leave things till the last minute, but taking the time to extend your lease can help you avoid problems.

Catherine Wilson, Cambridge
Catherine Wilson, paralegal for residential property in Cambridge

Lease extensions - legal advice

From Christmas cards to car insurance, we all leave things till the last minute. As long as the cards arrive in time for the big day all’s well. Leaving the car insurance till the last minute can cost money, because we don’t have time to look around for the best deal. In our opinion it is best to extend a lease while there is still 85-95 years remaining, increasing the value of your leasehold property.

Why do I need to extend my lease?

  • Letting the length of your lease drop too low can seriously affect the value of your home
  • The longer you leave it, the more it's likely to cost you to extend your lease
  • Estate agens will tell you it is more difficult to sell a leasehold property with less than 90 years remaining
  • Mortgage companies can refuse to lend on a shorter lease
  • A shorter lease is likely to be used by buyers as a tool to negotiate down sale in price.

How we can help you

When you’re extending your lease, you’ll want all the legal formalities taken care of as quickly as possible. Lease extension can be a complex and expensive process, but it will significantly increase the value of your leasehold property.  You’ll find our Residential Property Team approachable and easy to talk to. We’ll explain everything clearly and keep you informed of what’s happening. 

What to do next

Call us for a free, confidential, no obligation chat, or fill out our enquiry form and we will let you know how we can help. 

Our specialist lawyers are based in:

  • Cambridgeshire: Cambridge
  • Essex: Brentwood, Chelmsford, and Saffron Walden
  • Hertfordshire: Bishop's Stortford and Royston 

But we can help you wherever you are in England and Wales.

Call our Conveyancing and Property solicitors on 0800 0131165

or fill out our enquiry form and a solicitor will get in touch.

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