DezrezLegal

Increase the value of your assets

Properties with shorter leases are worth less than those with longer ones

Take advantage of a fairer mortgage

Shorter leases are difficult to mortgage due to decreasing value

Attract more buyers with a long lease

Buyers put off by inherited costs associated with extending a lease

Expertly navigate spiraling costs

Many of us buy homes with a lease of around 99 years and mentally note the cost of extending the terms increase each year. Just how quickly they accelerate can be sobering. By the time a lease reaches 60 years it can cost homeowners as much as 1% of their property’s value. Every year. We advise our clients to act well in advance, and not just to save money. Properties can become un-mortgageable at 68 years because mortgage companies will only lend on properties that have 25 years, plus the term of the mortgage left on a lease.

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Negotiate a fair price

To help avoid these pitfalls we work with you from the very start to make sure your management company drafts appropriate lease terms. As well as understanding the nuances to secure the best outcome, we negotiate a fair price that both you and the management company are happy with. We also provide a full service for clients looking to benefit from the value of conveyancing experts. We draft the new lease and ensure that this is registered with the Land Registry so you can enjoy your new home, without the post move stress.

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Dreading the legal process of moving?

Talk to our experts today to find out how we can streamline your transaction and make moving easy for you.
DezrezLegal
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Dezrezlegal Limited is an Alternative Business Structure (ABS) regulated by the Council for Licensed Conveyancers. Practice Number 505695 - Dezrezlegal Limited is an introducer appointed representative of First Complete Limited, which is authorised and regulated by the Financial Conduct Authority (FRN:435779) for mortgage and non-investment insurance advice. We would like to make you aware that we may record incoming and outgoing calls for, quality monitoring, training, and dispute resolution purposes.

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