We continued our series of free webinars for leaseholders this month, with a second online event focusing on extending the lease of a flat. It was delivered by Senior Legal Advisor Alero Orimoloye and Senior Legal Manager Frances Hall.
The webinar is now available to watch online.
Extending your lease can protect the value of your property and make it easier to sell or remortgage. However, the process can be complicated, and it’s important to understand your options, the likely costs and the legal steps involved before you begin.
Covered in the webinar:
- The session begins with an overview of the subject of extending your lease.
- The main issues to consider when extending your lease. These include the different routes available, when to start thinking about an extension, how the price may be calculated and what professional help you may need.
- An explanation of the formal legal process, including the notices, responses and deadlines that may apply, as well as considering what the leasehold reforms may mean for leaseholders deciding whether to extend now or wait.
- A Q&A session answering attendees questions.
Lease extension for flats webinar
Please note that the webinar provides general information and advice only. LEASE cannot advise on individual cases, review documents, act on your behalf or provide lease extension valuations during the session.
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This webinar is for leaseholders of flats who want practical information about extending their lease and the options available to them.
It may be useful if you want to understand more about:
- why the length of your lease matters
- when to consider extending your lease
- the different routes to extending a lease
- whether you qualify for a formal lease extension
- how the lease extension price is calculated
- marriage value and the 80-year threshold
- the notices and legal deadlines that may apply
- the legal, valuation and other costs you may need to pay
- when to instruct a solicitor and valuation surveyor
- what the leasehold reforms could mean for your decision
Related content
How to extend the lease of your flat, including getting started, your options and costs.
Topic - Lease extensionThings to consider when deciding whether to extend your lease now or to wait for the leasehold reforms.
Advice guide