If you're a leaseholder in the UK, you might wonder about the cost of extending your lease. The price varies based on your lease length, ground rent, property value, and where you live. London, in particular, can be pricey. At Taylor Chartered Surveyors , we know how critical it is to get the right advice. This guide will cover everything you need to know about lease extension valuation , typical costs, legal steps, and the process in London . Why Extend Your Lease? Let's quickly talk about why extending your lease is important: A lease with less than 80 years left can lower your property's value a lot. Short leases make selling or remortgaging harder. When your lease falls below 80 years, you'll have to pay marriage value . This is an extra cost to the freeholder. Understanding your lease extension valuation is key to safeguarding your investment. Factors That Affect Lease Extension Costs The cost of a lease extension varies a lot. Several thi...
Sustainability is no longer just a buzzword; it has become an essential consideration in various industries, including chartered surveying. As urban development continues to expand, the role of chartered surveyors in ensuring sustainable practices has never been more critical. From South London block management to lease extensions London , sustainability plays a crucial role in shaping long-term property management and development strategies. The Growing Importance of Sustainability in Chartered Surveying With increasing environmental concerns, chartered surveyors are at the forefront of promoting sustainable development. Their role encompasses advising clients on energy efficiency, responsible land use, and implementing eco-friendly construction and renovation strategies. Sustainability within the industry helps reduce environmental impact, lower operational costs, and improve the long-term value of properties. Legislation, such as the UK's Net Zero target, further underscores t...