Bradford has a population of over 530,000, according to 2023 statistics, which makes it one of the U.K.’s biggest cities – and it continues to grow. And it has around 30,000 flats, many of which are starting to suffer from short leases. And leaving it too long to extend your lease can lead to massive expense in the long run so it is important to start the process sooner rather than later. If you live in Bradford and you are looking to extend the lease on your flat, the dedicated lease extension team at Bonallack & Bishop can help.
Got a leasehold extension question? Call our specialist solicitors on FREEPHONE 0800 1404544 for FREE initial phone advice – with no strings attached.
LEASE EXTENSION – APPOINTING AN EXPERT IS CRUCIAL
Your lease extension solicitor will need to understand the complexities of lease extension work and be aware of the various deadlines involved. Furthermore, your solicitor will need links with expert surveyors who will value the lease. These things require expertise and as a result it is crucial that your lease extension solicitor is a specialist.
Whilst the vast majority of landlords are very respectable, you may find yourself locked in negotiations with an unscrupulous landlord. If your lease runs below 80 years it costs far more to extend it and some landlords will attempt to stall negotiations so that the lease runs below this critical period. Lease extensions experts will recognise such scheming and be able to apply to a Leasehold Valuation Tribunal if necessary.
EXTENDING A LEASE – INSTRUCT ONE OF OUR SPECIALISTS
The word ‘specialist’ is bandied about a lot these days so it can be difficult to work our whether or not a solicitor genuinely specialises in lease extension work. We can take the guesswork out of choosing a lease extension solicitor because we are accredited experts. As well as being members of the Association of Leasehold Enfranchisement Practitioners we are featured acknowledged as experts on Leasehold Advisory Website.and we are the only solicitors recommended for lease extension by the HomeOwners Alliance – the UK’s leading organisation who champion the interests of the country’s homeowners.
What’s more, we have a 5 strong team who only do lease extension, leasehold enfranchisement and right to manage company work – nothing else!
LEASEHOLD EXTENSIONS – YOUR RIGHTS
Were you aware there is legislation giving owners of leasehold flats and houses the right to increase the value of their property by extending their lease?
Provided it’s a residential flat we are talking about (there’s no automatic right to lease extension for commercial property) with a lease that was originally granted for a minimum of 21 years (most leases start at 99 or 125 years) and you have owned the property for at least 2 years, in general terms you are likely to be entitled to extend the term of your lease by a further 90 years – whether your freeholder likes it or not. and what’s more, if you use this formal statutory route to lease extension, you won’t need to pay any ground rent and future.
NB as an alternative, it is possible to reach an informal agreement with your freeholder to extend your lease. But that’s not a legal right – and your freeholder can pull out at any time, and there’s nothing you can do about it. But with a cooperative freeholder, and if you want something apart from the standard additional 90 years, a private voluntary or informal lease extension can work – but there are risks.
CONTACT US TODAY FOR EXPERT LEASE EXTENSION ADVICE TO TRUST
We act for clients throughout England and Wales. Our clients need not be able to meet us in office because we can see your lease extension through from start to finish, keeping in contact through Zoom, email or over the phone.
So if you are considering a lease extension in Bradford, for a free quote, to receive initial advice or to arrange a consultation, simply dial 01722 422300, or email us using the contact form below: