Are you worried about the length of your lease?
Leases are wasting assets - the shorter the lease length, the lower the value of your property. Leases usually start to drop in value when they have less than 90 years to go. To ensure the value of your investment the lease must be extended. This can either be done informally by agreement with the freeholder, or formally under the Leasehold Reform Act whereby the freeholder is obliged to grant a 90 year lease extension in return for paying a premium. These premiums can vary wildly, so it is crucial that you get a valuation to make sure that you are paying the right amount, and no more.
We can provide you with a clear, reasoned, concise report, and if the freeholder queries your valuation, we are also happy to help you to negotiate with them.
Contact us for more information or to book a valuation.