Lease Extension Costs and Problems When Selling
An unexpected lease extension cost, an unclear offer from the freeholder or an extension that was never completed can complicate a flat sale or remortgage.
These articles examine extension quotations, proposed terms, timing and registration problems. If the issue relates to arrangements or advice from your original purchase, the lease, Report on Title and correspondence may help establish what was explained.
The extension has become a problem. What were you told when you bought?
If an extension cost or unresolved lease arrangement is affecting your sale or remortgage, visit When I Bought’s short-lease guide. Explore the records that may matter and tell us what has happened.
You do not need to decide whether anyone was at fault before starting a conversation.
Lease extension problem? Start with When I Bought →
When I Bought is a Lexsure service. It is not a law firm and does not provide legal advice.
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Platform Home Loans Conveyancing Panel Alert – Minimum Lease Term
Mortgage lenders are tightening criteria for properties with short unexpired lease terms. Platform Home Loans has increased its minimum acceptable lease length from 50 years to 70 years, aligning with major peers. Conveyancers must audit active files for compliance and seize opportunities for lease extensions amid these stricter requirements, impacting transactions significantly.
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Bridging Lender Creates Conveyancing Panel for London Lease Extensions
Bridging packager Voltaire has introduced a specialist short lease extension product tailored for high-value properties across prime London, catering exclusively to transactions requiring a minimum loan size of £500,000. To streamline the notoriously complex process and specialised area of lease extensions, the product operates as a joint venture with a strict panel structure: borrowers are…