As RICS Registered Valuers and Chartered Surveyors, our team is passionate about providing a professional property valuation service to give you the information you need to pursue a lease extension on your residential property.
Imperium Chartered Surveyors will assist with property valuation and negotiating a lease extension or enfranchisement. Our lease extension valuation team also serve Hampshire, Surrey and Sussex.
Our service includes a property inspection, measured survey, review of leases and the provision of a valuation report detailing the likely premium for a lease extension.
We also provide valuations for singular or collective enfranchisement, whereby lessees acquire the freehold interest in the building to which their long lease is presently vested. We have extensive valuation experience in assessing leasehold/freehold assets pursuant to both Section 5 and Section 13.
If you own a leasehold property, it is important to consider how many years are remaining on your lease so that you are not left with a leasehold interest of fewer than 80 years.
Leasehold properties with a short unexpired term will have a lower Market Value, as a result of the reduced lease term. Lenders are wary of issuing mortgages on short lease property.
Our RICS registered and approved valuers help clients to understand the value of their short lease property and the likely cost of lease extension premiums to extend leases.
Get in touch, and one of the team will be happy to discuss your needs.
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