Valuation for a Lease Extension
If you are a tenant or a landlord, we can assist you in understanding the process for Lease Extensions, any issues and make a well-informed decision.
A lease is a diminishing asset which means that for each year after it is granted, it becomes shorter and less valuable. Any lease with less than 80 years left is regarded as a short lease. As the lease becomes shorter, it becomes more expensive to extend. Most leaseholders do not realise that they have a short lease until they come to sell their property. Re-mortgaging a property can also be difficult when you have a short lease. By extending your lease, you ensure that the value of one of your main assets is preserved to safeguard the financial security of you and your family for the future.
We produce a valuation report subject to a short inspection of the property where we take measurements as well as reviewing the lease and associated documentation.
If you don’t have a copy of your lease, not a problem. Housemartins can obtain a copy directly from the Land Registry for a small extra charge.
Don’t just take our word for it, here’s what our clients are saying...
Thank you for the very thorough way you have conducted my homebuyers survey and for the helpful notes accompanying the report. This has brought about a satisfactory purchase arrangement, agreeable to both parties.
We made real headway with our dispute within a couple of days of Housemartins becoming involved.
Bill, East Sussex Flat Owner
Many thanks for your help and advice which I have found very helpful. I look forward in due course to working with you again.
Ms R, Bexhill
Thanks very much for your help and advice. We particularly appreciate the speed and efficiency of your service.
Thank you for your support yesterday, for all the work you have done, you were great!
Daphne, Company Director
Housemartins helped find the best solution and gave us honest and invaluable advice.
Just wanted to thank you both for the efficient process and great quality report – I will recommend you to my various friends who are currently house hunting too!
I just wanted to thank you for a great service you have provided. Highly recommended and wouldn’t hesitate to use you again.
We would like to thank you and the team for the great and very efficient service. We needed our house valuation completed urgently and you did just that. Definitely exceeded our expectations. Thanks for all the hard work.
I just wanted to thank you and your company for acting so quickly for us and we are very impressed with the way in which we have been communicated with and kept informed of what is going on and the professional and friendly way you do business. Thanks again and we will not hesitate to recommend you to our friends.
Trudy and Simon
A note to say many thanks to you for your excellent service and report.
I have written personally to Mr Gray to thank him for the speed and thoroughness of his report, and have been singing your firm’s praises ever since.
Thank you for being so reliable and helpful with my matters that you have been dealing with. Please also thank Melissa too, for her attention to detail and kind assistance.
We were very pleased to read John’s report. Please would you kindly pass on our thanks to him for all his help and the very informative and useful report. Many thanks to Housemartins for the firm’s kind attention.
Thank you for doing such a thorough job and taking the time out to discuss your findings with me.
Many thanks and appreciate all your efforts and time with this matter. I would have no issues with recommending both Lee and Housemartins to friends, work colleagues and family who may ever require a survey.