HELP NEEDED IN NAVIGATING THE LEASEHOLD REFORM MAZE?
Do you want to extend your lease? Maybe you want to buy or sell a freehold? Either way, the devil is in the detail. We’ll make it easier for you.
We provide valuations for lease extensions and freehold purchases. Our skilled and highly experienced team is based in Central London but we give valuation advice about leasehold reform matters right across the South East of England.
Vital support with the complexities of leasehold reform
Our valuers are registered by the Royal Institution of Chartered Surveyors. We have extensive experience in leasehold reform valuation, often an unnecessarily complicated and time-consuming matter. We’ve advised clients under the original Leasehold Reform Act 1967 right through to the Leasehold Reform Housing and Urban Development Act 1993 and its subsequent amendments.
Lease Extension Valuations
Naturally a lease is a wasting asset, and as the term reduces, the relative value of the lease decreases and the cost to extend will increase. It can be difficult to sell a property with a short lease, simply because many lenders won’t give you a mortgage on a lease of 70 years or less. You can protect your investment with a lease extension and we would be pleased to help take the pain out of the process with straightforward and reasoned advice.
Collective Enfranchisement Valuations
Collective Enfranchisement enables the lease holders to acquire their freehold interest. We can produce a valuation report examining the freehold interest and advising on the likely price, the qualification criteria and the options open to those who wish to participate.
We have a link with a specialist advisor who, having been through the Collective Enfranchisement process himself some years ago, is now offering a management service to guide individuals through the complicated and often frustrating process of trying to co-ordinate a claim to acquire the freehold. The service advises on the participation process, funding issues and final apportionment of interests. This is all completed in collaboration with well-known and respected advisors.
If you would like to know more about the benefits of having a specialist to guide you through the process then please see The Collective Freehold website.
Section 5 Valuations
The law requires a landlord to serve a Notice subject to Section 5 of the Landlord and Tenant Act 1987 when selling a freehold interest which is subject to underleases. We are able to advise tenants who have received such Notices on the value of the Freehold interest and whether the option to have first refusal could be beneficial.
First–tier and Upper Tribunal support
We are widely experienced in the preparation of Proofs of Evidence and giving evidence at the Tribunal, for both freeholders and Leaseholders.