How to Extend Your Lease: A Complete Guide for Property Owners in the UK
If you own a leasehold flat, the unexpired term of your lease is a diminishing asset. Every year it shortens, and as it shortens the cost of extending it rises. Most leaseholders come to the question at one of three moments: when a sale falls through, when a mortgage lender raises a query, or when […]
Short leases, long chains
Short leases continue to derail property transactions, despite ongoing reform efforts. Roshan Sivapalan considers why they still matter, how they affect transactions and how conveyancers can identify and manage risk to protect both clients and transactions Roshan Sivapalan MRICS is a RICS-registered valuer and director of Blakes Chartered Surveyors and Extension.Lease, working closely with Arcadia […]
