If you own a leasehold flat in the Sheffield region, or anywhere in England and Wales, it's essential to check how long you have left on your lease and how much rent you pay. If your lease has 80-90 years or less before it expires, or if your rent will rise above £250 p/a, you need to speak to our leasehold specialists at Banner Jones Solicitors for advice on your options.
As a leaseholder, you own the property and its land for the length of your lease agreement with the freeholder. Once the lease expires, the property will go back to the freeholder.
If the remaining time of the lease is shorter than 80-90 years, your property will steadily become less valuable, so extending your lease sooner rather than later can be vital to ensure that your property can be sold in the future.
At Banner Jones, we've helped many leaseholders take control of their own home, with our hassle-free and easy to understand approach. For more information, call our specialised team today on 0344 558 4104
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