Property management law firm Brady Solicitors has joined SAM Conveyancing’s legal panel to help leaseholders and homebuyers secure successful extensions of their residential leases.
SAM Conveyancing brings together a hand-picked selection of solicitors, surveyors and mortgage brokers, providing a seamless home buying experience backed up by a wider team of insurance providers and removal agents.
Brady Solicitors joined SAM Conveyancing in November 2016 as a specialist in lease extension work, as SAM’s Andrew Boast explains:
“We were getting an increasing number of lease extension queries and issues and it was important to find a specialist law firm that could help our clients to successfully secure a lease extension.
“After considerable research, we identified Brady Solicitors as fitting the bill. Great service is at the heart of everything we do at SAM Conveyancing and this is an approach that is shared by the Brady Solicitors team.
“It’s clear that leasehold law is not for the faint-hearted but Brady Solicitors have a strong track record in helping leaseholders to exercise their rights and we are looking forward to working with them.”
When do I need a lease extension?
Ownership of a long residential lease is a valuable asset, however as the lease term decreases over time so, unfortunately, does the value of your property. Residential leases are usually 99 years in length and, when your lease has 80 or less years to run, then it is time to apply to extend it.
The lease extension application process can be time-consuming and with strict time-frames – even before you embark on the formal statutory procedures.
Lesley Brentnall, Head of Lease Extensions at Brady Solicitors commented:
“It can be difficult to sell a flat with less than 80 years to run, yet this issue may not raise its head until you are well into the conveyancing process and timescales are tight and tensions high!
“Ideally the lease extension is tackled well before the flat is put on the market but we know that this isn’t always the case in the real world.
“Our team at Brady Solicitors has a great track record of securing successful lease extensions within tight timeframes to ensure that the sale remains on track.”
Read more here about Brady Solicitors’ lease extension expertise, including how our speedy action helped save a flat sale from an unhappy ending.
Brady Solicitors holds the Conveyancing Quality Scheme accreditation; is recommended by the Legal 500; accredited by Lexcel, the Law Society’s kitemark of excellence; and is a member of ALEP, the Association of Leasehold Enfranchisement Practitioners.