Leasehold valuation
A chartered surveyor can make sure that you can have all of the information you need throughout the purchasing process or in protecting your investment property with a Leasehold valuations.
Leasehold valuations:
Any leaseholder in the UK will regularly face the expansion of the lease on their property whether they intend to remain living there or they wish to sell it. Extending the lease can cost more the longer that you wait, knowing the right time to extend the lease can be essential. It can be challenging for freeholders to be properly compensated without regularly disputing lease pricing. With a chartered surveyor it’s possible to make a freehold valuation and lease extension an easier process.
Our team can provide a timely valuation for leaseholders during the lease extension process. You and your fellow leaseholders could work together to take control of the entire building or receive the valuation to extend your lease for a long term.
We also work with freeholders to ensure an accurate valuation and we assess the value of a freehold lease extension so that you can be compensated accordingly. We can negotiate with the leaseholder on your behalf.
We are a modern team of surveyors and are able to offer a no obligation chat over the phone, online or by email. We can assist with freehold calculators, collective enfranchisement, lease extensions and lease extension calculators.
Contact us for assistance in Leasehold Valuations in Surrey.
Lease extensions:
The extension of your lease can increase the value of your leasehold property considerably. Increasing the value of your lease can also lead to a scalability of your property and the ability to reduce the chances of low offers when the time comes to sell.
Understanding the cost of lease extensions can show you how much you stand to lose or profit, how you should go about the process and if you have the right to extend your lease.
A lease extension valuation will help you understand if you’ll be paying for the freehold or to extend your lease and the best and worst case scenario for your future finances. Throughout our reporting we can determine the market value of your property, go through a series of best and worst case scenarios for your finances and perform a three-part breakdown of your calculation on a lease extension.
Many of the leased properties in Surrey and the surrounding area can come with leases that span over 100 years. If your lease has less than 80 years remaining the extension process could be very costly. Thinking about extending your lease before you approach the third year of your lease can be better for your finances.
Freeholders can still stand to profit by extending leases with less than 80 years remaining. Determining which makes the most financial sense is wise for all parties involved and this is where our experts can come in handy.
With the lease extension valuation report you can obtain the best and worst case scenario figure as well as extend your lease at the time that it will benefit you the most. Freeholders can also find out how much their interest is worth and ensure that they can be adequately compensated for granting lease extensions.
We are a team of property experts and we specialise in complete leasehold enfranchisement evaluation. We operate effectively and efficiently to deliver detailed valuations that are met with all the required information.
If you’re interested in extending your lease in Surrey, contact us for the crucial reports that can save you time and money in the process of a lease extension.
If you are ready to ban together with a series of neighbouring leaseholders to purchase a freehold on a property, you are legally entitled to do so. Buying into the freehold can be a great way to secure a long-term investment that will increase with the value of your property. The process of purchasing a freehold building with other leaseholders is called the collective enfranchisement and it’s extremely beneficial in some situations, but it can lead to poor investment without proper research.
If you want to make sure that you’re getting fair terms and that your property would be a good candidate for purchase, we can make sure you have all the information you need to make an informed decision.
Our company offers a team of RICS registered valuators. We can act on behalf of leaseholders as well as freehold owners to ensure that the market value of your property can be properly assessed and that all parties involved are able to navigate through the sales process. We have guided many clients through this process in the past and we can speed up some of the more complex procedures while protecting finances and helping parties plan accordingly for their budget.
Collective enfranchisement can help you finally claim ownership over your property and extend your lease beyond 999 years to make your property more enticing for new buyers or to secure your position. This agreement can help you to stop entities like your ground rent as well as unreasonable service charges you may have faced in the past.
Collective enfranchisement isn’t always the best path for leaseholders and it’s important to understand that it’s a lengthy process that requires applicable research. A freehold valuation report can handle any technical issues with your property as well as gauge the value of your property. Gaining an understanding of your potential outcomes financially and securing acquisition terms with your freeholder can all take place thanks to this report and the assistance of professionals in the valuation process.
Contact our team today and we can generate a report with all of the information you need.
Buying the freehold: