Protecting property value and financial security with expert lease extension and enfranchisement services. Extending leases or purchasing a freehold ensures long-term stability, improved marketability, and greater control over property management for leaseholders.
Start Lease Extensions provides a professional service to help leaseholders extend their lease, safeguarding property value and ensuring long-term financial security and offer two routes to a lease extension, a Formal or an Informal route.
A statutory lease extension adds 90 years to the existing lease term and reduces future ground rent to a nominal "peppercorn" rate. This process enhances a property's marketability and mortgage-ability, making it more attractive to buyers and lenders. Eligibility requires owning 100% of the property (excluding shared ownership). With expert guidance, leaseholders can navigate the process smoothly and efficiently.
Leasehold enfranchisement allows leaseholders to jointly purchase the freehold of their building, providing greater control over property management and long-term decision-making. By securing the freehold, leaseholders can eliminate ground rent, extend leases as needed, and make independent choices regarding maintenance and improvements.
The process involves meeting specific eligibility criteria, which can be complex. Start Lease Extensions offers expert guidance, ensuring leaseholders understand their rights and navigate the process with confidence. With professional support, securing collective ownership becomes a straightforward and structured experience.
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