Getting property information...
Lease Extension Report:
Date of Report: 24th October 2023
Lease extension report created for by Leasehold Services Ltd. This report is based on publicly available data and does not take into account all factors and so this report should be used for indicative purposes only.
Lease Extension Summary
Property Value Before Lease Extension:
This is an automated estimate of the value of your property today with its current lease which has years remaining and a ground rent of £ that is fixed for the entire term.
Property Value After Lease Extension:
This is an automated estimate of the value of your property if its lease was extended and the lease had years remaining and the ground rent was a peppercorn (£0).
Impending Cost Increase:
The cost to extend your lease increases daily. We estimate that extending your lease today would cost £; waiting 5 years could see this increase to £ (an extra £).
Ground Rent Savings:
A statutory lease extension will reduce your ground rent to a peppercorn (£0) per year. This could potentially save £ in ground rent over the remaining years of the lease.
Potential Increase in Mortgage Offers:
Lenders focus on the lease length & ground rent with leasehold property. The lease may meet the criteria of % of lenders, extending your lease could increase this to %.
Lease Premium:
This is the estimated cost you'd pay to the landlord to extend your lease. This is only a rough estimate based on publicly available information and is not a full lease extension valuation.