We can offer valuation advice and collaborate with your lease extension solicitor in Chichester, West Sussex. Leasehold Enfranchisement is the encompassing term describing the rights of flat or house owners to either prolong their lease or acquire the freehold of their homes. Leases are usually granted for 99 or 125 years, but as they diminish, especially below 80 years, the value of the flat (or house) starts to decline until it is no longer eligible for a mortgage, making it challenging to sell. The law outlines the procedure enabling you to extend your lease by adding 90 years to the existing unexpired period.

How we can help you

If you are a leaseholder seeking to extend your lease or purchase your freehold, or a freeholder dealing with a leaseholder's application, we are here to guide you through the process and offer advice on the optimal path to saving money and achieving the best value.

We can assist you in comprehending the process, determining the payable premium, negotiating with the freeholder or leaseholders, and coordinating with your solicitor.

How we do it

The procedure for extending your lease or purchasing your freehold entails calculating various values to determine the premium level that should be paid to the freeholder.

Our skilled team of valuers, registered with the Leasehold Advisory Service and members of the Association of Leasehold Enfranchisement Practitioners (ALEP), provides dedicated advice to both Freeholders and Leaseholders. This ensures that all our clients derive the maximum benefits from their leases.

Lease enfranchisement services

 

  • Freeholder/Leaseholder Negotiations

  • First-tier Tribunal Representation

  • Inspections

  • Legal Advisor Liaison

  • Valuations

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Leasehold Enfranchisement

Leasehold Enfranchisement is the collective term given to the rights of flat or house owners to either extend their lease or buy the freehold of their homes. Leases are generally granted for 99 or 125 years but as they get shorter, particularly under 80 years, the value of the flat (or house) will start to fall until it can no longer be mortgaged and then difficult to sell. The law sets out the procedure to enable you to extend your lease by adding 90 years to the existing period unexpired.
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SHW West Sussex Coast

3 Liverpool Gardens, Worthing, West Sussex, BN11 1TF

01903 229200
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