Lease Extension Solicitors

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Ashley Connell

Edited by Ashley Connell

Leasehold Enfranchisement Solicitor at Hetts


Lease Extension Solicitors

Whether you decide to pursue the statutory route or informal route to a lease extension, you will need to instruct a solicitor to handle the process on your behalf. Completing a lease extension without a solicitor is not possible due to Land Registry requirements. Additionally, if you have a mortgage, it is a legal requirement for a solicitor to approve the lease extension deed on behalf of the lender.

Choosing a Lease Extension Solicitor

When selecting a lease extension solicitor, consider the following factors:

  • Cost
  • Fees can vary widely. While the service is generally the same, costs are often linked to location. Consider firms outside of central London, where costs tend to be lower. Firms in the North of England, particularly in smaller towns, often offer the best value. Key questions to ask include: "How many years of experience do you have with lease extensions?" and "What percentage of your daily work involves lease extensions?"

  • Experience
  • Don't hesitate to ask about the solicitor's lease extension experience. This is crucial, as a lack of expertise can lead to costly mistakes.

  • Time
  • Speed may be essential, especially if your lease is approaching 80 years remaining. Inform the solicitor immediately about the number of years left on your lease and ask when they can begin work. Ideally, a solicitor should be able to start within 3-4 working days.

  • Valuation
  • An experienced lease extension solicitor should be knowledgeable about the valuation process and capable of preparing a report detailing how the premium is calculated (known as a lease extension valuation). Understanding this process is critical during negotiations. Many solicitors may prefer not to handle the valuation stage, instead referring you to a surveyor, which can increase costs. Where possible, choose a professional who can manage the entire process.

Recommendation

Our editor, Ashley Connell, is a qualified and regulated solicitor specialising in lease extensions. You can find him at Hetts - Lease Extension Solicitors. Hetts is one of the UK's most recognised firms in the lease extension niche. They offer excellent value for money and are registered members of ALEP (The Association of Leasehold Enfranchisement Practitioners).

Lease Extension Solicitors