Do you live in Nottingham? Do you own a leasehold flat? If so, the chances are that you will need to think about a lease extension very soon
Many people are either unaware of the importance of extending their lease or delay extending it for so long that the price of doing so shoots up dramatically. Don’t make the same mistake, start the renewal process today.
NOTTINGHAM – THE SIZE OF THE LEASEHOLD MARKET
The city of Nottingham was estimated to be home to 310,837 people in 2013, with the population of the wider Nottingham area estimated at 729,977. As the largest urban area in the East Midlands (and the second largest in the Midlands), there are more long leasehold flats and apartments in Nottingham than in most towns or cities for many miles. In fact, if you count the population of the entire Nottingham/Derby metropolitan area combined, the population shoots up to more than 1.5 million, with the area having the seventh largest metropolitan economy in the United Kingdom.
As a university city and an area which has a lower employment figure and a higher than average proportion of disabled people who are out of work, Nottingham has seen the proportion of home owners drop significantly over the last fifteen years, with an increase in rented and leased properties. It should come as no surprise, then, that fifteen years on lease extension is a hot topic in the city of Nottingham.
LEASE EXTENSION SOLICITORS – MAKE YOURS AN EXPERT
People are often tempted to try and conduct the leasehold extension process themselves but this is a dangerous game. Lease extension law and procedure is difficult to understand and in order to extend your lease you must meet specific deadlines and draft certain documents. Furthermore, your landlord is likely to instruct a specialist leasehold extension solicitor so you want to make sure that you are on a level playing field.
Whilst most landlords are very agreeable you may find yourself in a position where your landlord is delaying negotiations so that your lease runs below the critical 80 year level, thus costing you more to renew. A lease extension specialist will be able to spot such underhand tactics and if necessary will be able to take your case to a Leasehold Valuation Tribunal.
YOUR LEASE EXTENSION – OUR EXPERTS CAN HELP
Our solicitors can help in a number of ways. We have contacts with surveyors who will value your lease. We can also manage the timetable for your extension and draft all of the complex legal documents required.
We have a dedicated team of 5 lease extension specialists rather than generalist property lawyers trying their hand at lease extensions and are members of the Association of Leasehold Enfranchisement Practitioners.
LIVE IN NOTTINGHAM? WANT TO EXTEND YOUR LEASE? DON’T DELAY – CONTACT US TODAY
We do not need to be able to see our clients in Nottingham in person in order to conduct their lease extensions. Telephone, email or Skype contact is all we need in order to run your lease extension from start to finish. In fact we are on course to complete around 350 lease extensions this year, for clients throughout England and Wales, most of whom we never meet.
Our team are leasehold extensions experts – so for FREE initial advice on getting a leasehold extension that you can rely on, along with an estimate of the likely costs of extending your lease, please contact us today;
- Call us for free now on FREEPHONE 0800 1404544, or
- Send us an email using the contact form below.