To all our valued customers,
Our primary concern is the wellbeing of our loved ones, and that of our staff and customers, and we sincerely hope you are safe and well.
For several weeks we have been preparing our business to ensure we can continue to provide legal services during the Covid-19 outbreak.
Our business model is already built around smart working, with our technology designed to support over 200 lawyers who already work from home, reducing the need for social contact.
The information here outlines how we will continue to operate and what adjustments we are making to ensure the safety of our clients and staff.

Read more here

Lease Extensions

If the lease has an unexpired term remaining of 80 years or less you are strongly advised to extend the lease immediately.

A lease with 80 years or less left to run is liable to an additional valuation called marriage value. This is a further amount the tenant is required to pay in addition to the premium to extend the lease and in some cases can increase the price payable to extend the lease substantially. Further, mortgages can be difficult to obtain if the lease has less than about 60 years to run. This is also likely to put off potential buyers.

Why use Setfords for your lease extension?

  • Fast efficient service
  • Response¬†within 60 minutes during working hours
  • Fixed fees for lease extensions
  • Reduced fixed fee where we are instructed by more than one leaseholder in the same freehold/block
Enquire today

Do I qualify?

  • The original lease must have been granted for a term exceeding 21 years
  • The leaseholder/tenant must have been registered as owner of the property for at least 2 years (they do not have to be in occupation)
  • If you satisfy the qualifying criteria then a notice can be served on your landlord/the freeholder, requesting a new lease
  • If the parties are unable to agree a premium to extend the lease then the leaseholder can make an application to the First Tier Tribunal (Property Chamber) for a decision. This application must be made within six months of the date of the the Landlord‚Äôs Counter-Notice

If you’d like a quote or are unsure whether you qualify, speak to our expert property litigators by completing the form below and one of our team will give you a call back to discuss your requirements.

Enquire today

    Speak to a solicitor now

    Call our team on 0330 058 4012

    or fill out the form below and we will get back to you as soon as possible.

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