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Franklins’ lease extension solicitors in Milton Keynes can help make the lease extension process as simple and stress-free for you as possible. If you have already agreed a lease extension with the freeholder we can process this for you, or we can negotiate with the freeholder on your behalf where required. We will ensure that the entire process is handled in a legally sound manner, giving you complete peace of mind.
If you have a lease you need to extend, our solicitors can help. Please get in touch by calling 01908 660966.
Our lease extensions solicitors in Milton Keynes can help with every step of the lease extension process, including:
We understand that every situation is unique, so will take the time to understand your requirements and offer a bespoke service that matches your needs.
When it comes to leasehold property, 80 years is the number to bear in mind. A property with 80 years or less left on its lease will drop significantly in value and is likely to be unmortgageable.
If you want to extend the lease on a property with 80 years or less left on the lease, you will also have to pay 50% of the “marriage value” to the freeholder to extend the lease. Marriage value is how much extending the lease would add to the value of the property.
This means, if you are approaching the point of only having 80 years left on your lease, you should act now to extend your lease. This will likely save you a considerable amount of money and protect the value of your property.
Under the Leasehold Reform, Housing and Urban Development Act 1993, you are entitled to extend the lease on a flat by up to 90 years and on a house by up to 50 years, as long as you meeting the qualifying requirements.
To qualify for lease extension, you will normally need to have owned the property for at least two years. If you have owned the property for less than two years, the freeholder may still agree to a lease extension, but they are not legally required to.
Franklins has been helping people with their legal issues for over 30 years and now employs over 100 staff across our offices in central Milton Keynes and Northampton. We are one of the most technologically advanced firms of solicitors in the country, combining traditional legal expertise with the latest innovations to offer a truly modern approach to the law.
We are accredited to ISO 9001 standard and Lexcel accredited by the Law Society. We are also a recognised Investor in People. These attainments reflect our commitment to providing excellence as standard, not as an exception.
Need help extending a lease? Contact our expert lease extensions solicitors in Milton Keynes by calling 01908 660966 or click on the “next step” button below to request a call back.
From 14th October, our MK office will be moving to: Ashton House, 409 Silbury Boulevard, Milton Keynes, MK9 2AH.
Directions
Franklins Solicitors LLP
Gloucester House
399 Silbury Boulevard
Milton Keynes
Buckinghamshire
MK9 2AH
United Kingdom
Telephone: 01908 660966
Fax: 01908 558000
info@franklins-sols.co.uk
We offer comprehensive lease extension services, including advice on eligibility, negotiation with landlords, valuation of lease extension premiums, and drafting of lease extension agreements.
Our team provides expert guidance throughout the lease extension process, ensuring a fair valuation and smooth negotiation with the freeholder, while safeguarding your legal rights.
Costs depend on the complexity of the extension and property value. We provide a transparent fee structure and offer detailed estimates during the initial consultation.
The timeline can vary, generally taking several months depending on negotiations and the complexity of the case. We aim to expedite the process while ensuring thorough due diligence.
Yes, we provide initial consultations to evaluate your situation, discuss potential strategies, and outline how we can support your lease extension needs.
Please bring your current lease agreement, any correspondence with the landlord, and any valuation documents if available.
Yes, we have experience in both residential and commercial lease extensions and can provide tailored advice for each scenario.
We understand some lease extension matters may be time-sensitive and are dedicated to providing prompt and effective legal support to address your needs swiftly.
If you have any questions about anything legal, please don’t hesitate to contact our team of experts in the Milton Keynes office who are on hand and ready to help you.
