Lease extension in Preston

We handle lease extensions on flats in Preston, statutory and informal: the section 42 notice, the valuation, the negotiation with the freeholder and registration of the new lease at HM Land Registry.

Leasehold flats in Preston face the same arithmetic as everywhere else: once the unexpired term falls below 80 years, marriage value becomes payable and the premium rises sharply. Acting before that line is crossed is the cheapest decision a leaseholder can make.

If you have owned the flat for two years, you have a statutory right to a 90-year extension at a peppercorn ground rent. We check your qualification, manage the valuation, serve the notice and negotiate the premium.