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The Benefits Of Early Lease Extension Lease extension has several benefits that property owners should definitely think about. The whole process of getting your lease extended might seem a bit daunting at first, but it is definitely worth it. What’s more, it’s even better if you start the process of leasehold extension as early as possible as this can bring you even more benefits – particularly in terms of cost. This article looks at three of the top benefits of early lease extension. Boost your home’s value  One of the main benefits of extending a lease is that it can boost your home’s value. Under the 1993 Leasehold Reform Act, you can extend your lease by 90 years at a peppercorn rent (which means that you essentially won’t have to pay any more ground rent). This is significant as a longer lease will increase the value if your property. If you have a short lease, then as this decreases even further, so will the value of your property. A longer lease, by contrast, should mean that your property is worth the same or nearly the same as a comparable property where the freehold is for sale. Make it easier to sell Another benefit of extending the lease on a flat early on is that it will make your property easier to sell. This is for two reasons. One is that is much easier to get a mortgage on a property that has a long lease, as lenders are often wary of giving out mortgages for properties with short leases. The second reason is that people are generally more attracted towards properties that have longer leases as it is a reassuring thing to have. Save yourself money  One last benefit of early leasehold extension is that it can save you money in the long run. This is because if your lease is for less than 80 years when you apply to extend it then it will cost more to do. When you consider that you not only have to pay your costs but your landlord’s professional fees as well, it makes sense to extend the lease as soon as you possibly can – preferably before that all important 80 year cut-off point. This will help to keep your costs down while also maximising the length of your new lease, which will benefit you further in the long run when it comes to getting a good price for your property when you eventually choose to sell it. Living In Swindon And Thinking Of Lease Extension? If you're thinking of a Swindon lease extension, make sure you get the right advice. Few solicitors deal with lease extension regularly – and that could be a danger. Rest assured our solicitors are specialists – we have dealt with thousands of lease extensions over the last 25 years. Although we are based in Salisbury we represent clients nationwide – taking instructions by e-mail, phone and Skype. For FREE initial lease extension advice on the phone,either; • call our Solicitors on   01722 422300  01722 422300  • or e-mail advice@enfranchisementsolicitors.co.uk

FREE Initial Advice Initial legal advice from our solicitors for  leasehold enfranchisement, lease extension and right to manage cases is FREE.    01722 422300  01722 422300 or via email . Don't just take our word for it... ? Click here to see what our clients say about our lease enfranchisement solicitors . Specialist Group ? Our lease extension and enfranchisement solicitors are members of the Association of Leasehold Enfranchisement Solicitors .