Put simply, as a lease becomes shorter, it loses value and the property can become more difficult to sell. When the remaining term of the lease falls below 80 years the cost of a lease extension starts to rise significantly.
The impact on the saleability of your property, however, becomes even more acute if the outstanding lease falls below 70 years. The issue here is that most high street mortgage lenders will refuse to lend against a property which has less than 70 years remaining on the lease, severely restricting the number of potential purchasers.
'The team were polite, informative and helpful throughout the process. Would definitely recommend Start Lease Extensions.'More Testimonials
'A seamless professional service. Providing us with useful information and guidance. Also took the time to listen to our needs which was important to us. We highly recommend.'More Testimonials
'Start coordinated a difficult lease extension brilliantly and liaised effectively with both the solicitor and the surveyor throughout. I can heartily recommend Start who are specialists in lease extensions.'More Testimonials
'As a result of using this service I feel I was able to get the best financial outcome with regard to the renewal.'More Testimonials
'The service provided was second to none. All the steps of the process were carefully and clearly explained. They kept in touch with me all the time letting me know what was happening taking away all the stress. I would highly recommend them.'More Testimonials
'The solicitor was efficient and helpful. His excellent communication made a tough job seem easy. I have already recommended to a friend in the block'.More Testimonials
'Your staff were very friendly and helpful and I was very surprised with the speed'.More Testimonials
'A pleasure to do business with from very first phone call to completion of the task'.More Testimonials
'I would like to say thank you. The lease extension went through so smoothly'.More Testimonials
'The solicitor gave me timely responses to all my questions and worries regarding my lease, which was reassuring. He was competent and professional throughout'.More Testimonials
'Undertaking a lease extension is a very steep learning curve, wish that I had found START at the... START! After months of wasting time and thousands of £, I found Silvana and START. An ideal and unique combination for a lease extension. Start not only coordinate the surveyor and solicitor but, critically, provide a link to the client. With a fixed price Start - was also far less expensive.'More Testimonials
'Silvana was absolutely amazing, she coordinated with surveyors, solicitors and mortgage brokers in a professional yet friendly manner, definitely went above and beyond her call of duty. I would have no hesitation in recommending START Lease Extensions.'More Testimonials