REAL ESTATE
PASSION AND EXPERTISE

LEASE EXTENSION & ENFRANCHISEMENT

 

Owners of leasehold houses benefit from leasehold enfranchisement rights under the Leasehold Reform Act 1967. Qualifying tenants have the right to claim a lease extension or purchase the freehold so that they own the property outright. Get the right property solicitors to guide you step by step.

Managing your risk

Lease extension

Tenants of flats have a qualified right to a 90-year lease extension at a peppercorn ground rent in return for the payment of a premium to the landlord. We assist tenants in making statutory lease extension claims and regularly act for landlords in conducting lease extension claims made against them

Manage claims

 

Our legal experts can advise whether tenants have the option of making a claim to exercise their right to manage the building. This gives the tenants much more control over repairs and maintenance but avoids the need to pay a premium to the landlord as the freehold has not changed hands

WHY CHOOSE US?

Experienced

Hodders Solicitors have been in the business for over 150 years and has gained over the years experience and expertise.

Get the best deal

If you're looking for the best deal you should work only with the best!

Transparency

Always setting up the basis for honest and open when communicating.

Professional

True expertise and experience is what make our clients come back every time.

Experienced

Hodders solicitor have been in the business for over 150 years and has gained over the years experience and expertise.

Transparency

Always setting up the basis for honest and open when communicating.

Get the best deal

If you're looking for the best deal you should work only with the best!

Professional

True expertise and experience is what make our clients come back every time.

OUR PROCESS

Listening client
01

We always listen our clients and their needs to understand what we can do with them during our process and make things easy.

Define your goals
02

What is the purpose of your goal? Why was it created? How can we maximise the outcome?

Action plan
03

Planning helps us prepare for the obstacles ahead and keeps us on track. And with an effective action plan, we can boost productivity and keep the focus on your goals.

Execution
04

Ideas are yesterday, execution is today and excellence will see you the following day.

Ideas are yesterday, execution is today and excellence will see you the following day.

Listening client

01

We always listen our clients and their needs to understand what we can do with them during our process and make things easy.

Action plan

03

Planning helps us prepare for the obstacles ahead and keeps us on track. And with an effective action plan, we can boost productivity and keep the focus on your goals.

02

Define your goals

What is the purpose of your goal? Why was it created? How can we maximise the outcome?

04

Execution

Ideas are yesterday, execution is today and excellence will see you the following day.

READY TO TALK?

 
 

Get the result you’ve been looking for under one roof, with our approachable and professional team that leaves no person behind.

TOP EXTENSION & ENFRANCHISEMENT LAWYERS

 

As your lease term decreases, there are associated negative implications that you should be aware of. This can include difficulties in selling or re-mortgaging as well as the decreasing value of the property itself.

However, as a leaseholder or shared owner, you may have the opportunity to add a further 90 years to the existing term of your lease. This is known as a lease extension. A premium will be payable to Hyde to do this.

Property law experts

Our property law expertise and care for our client is what differentiate us.

EXTENSION & ENFRANCHISEMENT LAW

 

However, as a leaseholder or shared owner, you may have the opportunity to add a further 90 years to the existing term of your lease. This is known as a lease extension. A premium will be payable to Hyde to do this.

The potential benefits of extending your lease now include the following.

Easier to re-mortgage

Mortgage lenders are more willing to lend on longer lease terms. Where there are less than 80 years remaining, it may be deemed that there is inadequate security for a loan.

Easier to sell

A short lease term is likely to make the property less attractive to potential buyers.

The value of your home is protected

The value of the property would fall when the remaining lease term is low as the assist is diminished. 

Premium payable will increase over time

The increase in premium is two-fold:

  • In general terms, the greater number of years left on the lease, the cheaper the amount payable to extend it.
  • As house prices rise in the future, the premium rate would subsequently increase as well 

No more ground rent charge

Once the extension is complete, the annual ground rent charge will revert to £0.00 for the remainder of the term.