Today we welcome on board the latest member of our specialist team of lease extension experts – Anne Albritton.
Anne has 30 years of experience in the property world and has specialised in lease extension and leasehold enfranchisement work for the past seven years. She is a qualified Fellow of the Chartered Institute of Legal Executives, and joins us from a well-known Bournemouth law firm where she worked for a number of years alongside another member of our Salisbury, Wiltshire based lease extension team – Niki Adkins.
Our 4 strong lease extension team is now well on its way to reaching our initial target of doubling our lease extension work. Our growth has been quite considerably recently. For many years we worked for one very large client conducting around hundred leasehold extensions every year. We then decided we needed to extend their expertise to acting for individual leaseholders and initially increased our work by 50%. We then set a target of doubling that work overall, and we are already halfway towards that.
Senior partner of Bonallack and Bishop (who run this lease extension website), Tim Bishop, commented “extending a lease involves a very exciting area of law. It’s one of the very few areas where going to see a lawyer doesn’t result in just a legal bill – extending your lease means that you are virtually guaranteed that the increase in the value of your flat will well exceed the legal and other professional costs involved. What’s more, given that there are an estimated 1.5 million leasehold properties in England and Wales, and given further that so few leaseholders seem to really understand that they do have the right to extend the lease by up to a further 90 years, there is huge scope for expansion in this work.
“What’s more,” Tim continued, “it really is an excellent time to consider extending your lease at the moment. But only does the cost lease extension rise as the remaining leasehold term drop, but with house prices continuing to rise, putting off that lease extension is simply going to mean you have to pay more to your freeholder to extend your lease. In fact one set of London based surveyors have estimated that in London, at least, the cost of lease extension is currently going up by a whacking 12% each and every year.”
Tim added, “The big question for us, is how long the current team will be able to cope with our growing work – and how long it’ll be before we need another member of the team. My guess – probably early 2016 at the latest.”
Considering leasehold extension? For expert legal advice to rely on, call us now
Our experts team can help you – wherever your flat is in Salisbury or anywhere else in England or Wales.
You don’t need to coming to see us – they always welcome to do so – our team regularly help people extend their leases nationwide using e-mail, phone and Skype video:
So if you’re thinking of a lease extension;
- Just call us on 01722 422300 for FREE initial phone advice and a FREE quote for standing your lease, OR
- Complete the email contact form below for a call back