Several of our housing association clients have been contacted by their tenants in order to extend their lease or purchase the freehold of their property to ensure that they have sufficient time left on their lease to dispose of or re mortgage their property.
We provide valuation advice in respect of the property, a calculation of the premium due to extend the lease or purchase the freehold and any additional negotiation with the leaseholder to agree the final premium due. We have also provided valuations on a collective enfranchisement basis where a number of flats owners in a block have wished to purchase the freehold.
This is a highly specialised area of valuation, we are a national firm of Chartered Surveyors who specialise in the valuation of residential lease extension premiums.
We are members of the Association Of Leasehold Enfranchisement Practitioners (ALEP) and have undertaken many valuations for both freeholder landlords and long leasehold tenants.
Our fees are very competitive and we provide nationwide coverage.
If we can help you with your leasehold extension and provide valuation advice, please do not hesitate to contact Phil Manson on: 07767 668 372.