Enfranchisement – Residential Conveyancing – Saracens Solicitors
If you have owned your leasehold property for more than 2 years and/or it has less than 70-80 years left to run, you may wish to consider extending the term on your lease. By extending your lease, you are increasing the number of years remaining on the term and therefore making the property more attractive to lenders who usually will only lend money if there is a term of more than 80 years remaining. It goes without saying, a longer lease will also increase the value of the property.
You can extend your lease in one of two ways, either by meeting the criteria set out in the Leasehold Reform Act 1967 (for houses) or the Leasehold Reform Housing & Urban Development Act 1993 (for leases over flats) or by entering into negotiations directly with the freeholder. Whichever method you choose to extend your lease, our property team would be only too pleased to assist.
Saracens is a dynamic law firm utilising the latest technological tools coupled with traditional legal principles in order to provide its clients with a seamless and efficient professional service.
We specialise in various areas of the law with experience, knowledge and legal resources to provide a legal service which is first class. We thrive on giving the most accurate and up to date advice available.
The firm was originally established by solicitors who had already succeeded in the profession using ‘old fashioned’ values such as dedication, knowledge, talent, and hard work. Most importantly they were proud that their professional experience would provide an excellent framework to ensure that these attributes were mirrored by all the employees at the firm.
Each member of staff has been carefully chosen for their diligence and passion to ensure that their personality and skills fit within the Saracens philosophy.
Our dedicated and results-driven service guarantees that your matter is dealt with smoothly and efficiently.
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