If the lease on your property has less than 80 years left your property value is decreasing each year.
Provided you have owned the property for more than two years you have a statutory right to extend your lease by ninety years beyond the current term. So with 60 years remaining you could extend your lease to 150 years dependent on the cost. This will add value to the property and make it more saleable.
Our specialist team of lawyers will be happy to advise on not only the legal procedure but also on the viability of expending your lease in a friendly and straightforward manner.
If you have a lease with less than 80 years remaining contact our team now on 020 8952 0242 for specialist advice on this complex area of law.