Extend your lease in Harlow

Do you own a leasehold property in Harlow? Now could be a smart time to extend your lease. A longer lease helps maintain your home’s value, makes it easier to sell or remortgage, and depending on the years left could be crucial.

Why extend before your lease drops below 80 years?

When a lease falls under 80 years, under current law the cost of extending it rises steeply. Mortgage lenders may also be reluctant to lend, which can slow down sales or remortgaging. Acting early helps avoid these issues and secures your rights as a homeowner. Those with leases under 80 years could benefit from changes to the legislation.

Leasehold reform 2024: What it means for Harlow leaseholders

The Leasehold and Freehold Reform Act 2024 will bring welcome changes, including 990-year extensions and the removal of ground rent, but those changes may not be introduced until 2026 or beyond. Every property and lease is different but it is important to understand your position as soon as possible, to decide whether to extend now or wait.

How to extend your lease with Harlow Council

If Harlow Council owns your freehold, you can apply to extend your lease by 90 years with no ground rent. You’ll need to serve a formal notice and negotiate a premium.

Specialist leasehold advice for Harlow homeowners

At Attwaters Solicitors, our expert team has helped countless leaseholders in Harlow protect their property interests. If you want to extend your lease, our experts can guide you every step of the way.

Contact us today at leasehold@attwaters.co.uk or call 0203 871 0039.