Experienced property solicitors at Bishopsgate Law can help you with the legal process that is required for a lease extension on a leasehold property.
To talk to us about your lease extension conveyancing quote, please call us on (9.30am to 5.30pm Monday to Friday) or send an e-mail.
If you send an e-mail please include your full name, a telephone number we can reach you on, and tell us briefly about the transfer of equity. Please do not attach any documents. We respond to quotes e-mails as soon as we can during working hours.
Most flats are sold on a leasehold basis, and as the time that is left on the lease reduces, the value of the flat can be affected.
With a leasehold property, although you own the property, you don't own the ground on which it stands, or, with a flat, the fabric of the building in which it is situated as these are owned by the freeholder of the property. The length of the lease reduces as the property ages.
Therefore it is common for owners of leasehold properties to seek a lease extension agreement with the owner of the freehold. This can be done by negotiation, or you may have to follow the statutory procedure. The law gives owners of leasehold properties certain rights to extend a lease under the Leasehold Reform Housing and Urban Development Act 1993, subject to owning the flat for two years.
We will usually carry out lease extension conveyancing for a fixed fee.
Bishopsgate Law is an SRA-regulated solicitors practice. We act for property conveyancing clients nationally from our offices in central London and Hertfordshire.
We have more than 80 staff including solicitors, trainee solicitors, a notary public, licensed conveyancers, chartered legal executives, conveyancers, paralegals, legal assistants, a client care team, compliance team, accounts and administration.
Bishopsgate Law is open for business. We are dealing with the Coronavirus situation with our Business Contingency Plan in operation to allow us to continue provision of our services. We are functioning fully with our staff working remotely, and have systems in place to provide our services while making it unnecessary for clients to visit our offices.