19 January 2019
Thousands of leasehold home owners across Hampshire are unaware of the huge costs they face to extend a lease with 80 years or fewer remaining, according to a firm that project manages lease extensions.
Market-leading enfranchisement experts from the Leasehold group of companies have announced plans for Hampshire’s first ever ‘Leasehold Roadshow’ – a free event to give support and advice to leaseholders affected by leasehold issues.
The free-to-attend event will offer specialist advice to owners of leasehold properties struggling with issues including rising ground rents, service charges and lease extensions.
The Leasehold Roadshow Hampshire will take place at the Ageas Bowl in Southampton on Tuesday 26 February from 1pm to 6pm.
The event will feature informative seminars and one-to-one meetings with project management, legal and valuation experts, to give leaseholders the chance to discuss specific issues and gain free advice from qualified and experienced leasehold lawyers and surveyors.
Louie Burns, Managing Director, said: “We’re bringing the Leasehold Roadshow to Hampshire to provide leaseholders with free, honest and impartial advice to help them extend their lease or buy their freehold without getting ripped off by their freeholders.
“A key issue we’ve identified in Hampshire is a lack of awareness about the best time to extend a lease. It is crucial that leaseholders act to extend their lease before the lease length drops below 80 years, as the cost of extending the lease skyrockets thereafter.
“Freeholders are delighted when leaseholders let their lease drop to 80 years or below, as they make a massive profit on the lease extension. Leaseholders who fail to extend in time could pay 50% on top of the usual lease extension price. In some cases, this can add up to tens of thousands of pounds.
Leaseholders in this situation urgently need to extend their lease or risk losing huge amounts of cash, as the falling lease length only increases the cost of extending the lease.
“Our Roadshow will help leaseholders to consider their options and choose the best course of action according to their situation, whether that’s to extend their lease or buy their freehold and take back control of their own financial destiny.”
Places are limited and must be booked in advance. For more information or to book a place at this FREE event visit:
Ageas Bowl, Southampton
Tuesday 26 February
from 1pm to 6pm.