If you're intending to either negotiate the extension of your existing lease or to purchase the freehold interest in your property, you've come to the right place. Working throughout London, Southern England and across the UK, Chroma specialises in the valuation of residential lease extensions and freehold enfranchisement, offering a friendly, professional service that will give you the advice and recommendations you'll need to achieve your objective.
We offer our clients a wide range of professional services, ranging from our handy lease extension calculator through to the option of either our desktop or standard valuations. We can also help you negotiate with your freeholder and with representation at First Tier Tribunals. If needs be we can recommend a number of trusted firms of solicitors with specialist knowledge in this field with whom we work closely.
We see our job as being to help you secure the most cost effective solution to your lease extension or freehold enfranchisement by providing excellent advice, competitively priced valuation services, skilled negotiation and a proactive and responsive approach.
We offer our clients a wide range of professional services, ranging from our handy lease extension calculator through to the option of either our desktop or standard valuations. We can also help you negotiate with your freeholder and with representation at First Tier Tribunals. If needs be we can recommend a number of trusted firms of solicitors with specialist knowledge in this field with whom we work closely.
We see our job as being to help you secure the most cost effective solution to your lease extension or freehold enfranchisement by providing excellent advice, competitively priced valuation services, skilled negotiation and a proactive and responsive approach.
Services
Professionalism - We believe in conducting our business with honesty and integrity, expecting the best from ourselves and from those with whom we do business.
Client focused - We believe in providing the best services to our clients across the board and pride ourselves in offering solutions to problems that always keep the client in mind.
Reliable - We believe in offering a first class service that you can count on and a remaining highly effective in all areas of the business.
Investing in the future - We believe in the Company and the development of the staff, ideas and services, therefore, are continually looking for ways to train, grow and adapt to the prevailing economic and market conditions.
Client focused - We believe in providing the best services to our clients across the board and pride ourselves in offering solutions to problems that always keep the client in mind.
Reliable - We believe in offering a first class service that you can count on and a remaining highly effective in all areas of the business.
Investing in the future - We believe in the Company and the development of the staff, ideas and services, therefore, are continually looking for ways to train, grow and adapt to the prevailing economic and market conditions.
As the lease of your property reduces, so does its value and saleability.
By extending your lease you will be both protecting and increasing the value of your property, whilst ensuring that the lease complies with the lending criteria of mortgage companies, banks and the Council of Mortgage lenders (CML).
Once a lease has reduced below 90 years you should seriously consider extending the lease, crucially before it falls below 80 years since at this threshold the cost of extending it rises appreciably because of the requirement to pay an additional element of the premium known as "marriage value".
By extending your lease you will be both protecting and increasing the value of your property, whilst ensuring that the lease complies with the lending criteria of mortgage companies, banks and the Council of Mortgage lenders (CML).
Once a lease has reduced below 90 years you should seriously consider extending the lease, crucially before it falls below 80 years since at this threshold the cost of extending it rises appreciably because of the requirement to pay an additional element of the premium known as "marriage value".
Collective enfranchisement is the process whereby a qualifying majority of leaseholders of a building arranged as flats (purpose built or converted) can acquire the freehold interest as a right under the Leasehold Reform Housing and Urban Development Act 1993 (as amended).
The qualifying criteria and valuation process while not dissimilar to that employed to deal with lease extensions is different in some subtle and at times complex ways.
In certain cases, qualifying single tenants of houses are entitled to enfranchise under the 1967 Leasehold Reform Act which confers on tenants of leasehold houses the right to acquire the freehold interest on fair terms.
The qualifying criteria and valuation process while not dissimilar to that employed to deal with lease extensions is different in some subtle and at times complex ways.
In certain cases, qualifying single tenants of houses are entitled to enfranchise under the 1967 Leasehold Reform Act which confers on tenants of leasehold houses the right to acquire the freehold interest on fair terms.
This is a comprehensive Report and valuation for lease extension purposes based on a measured inspection of the property.
The site visit enables us to measure the property; more accurately assess tenant's improvements, market value and a variety of other factors that may have a bearing on the lease extension premium.
Our comprehensive desktop reports provide a thorough lease extension report and valuation but without the additional cost of a property inspection.
This is a fast and cost effective valuation service based on our having only limited relevant information.
The site visit enables us to measure the property; more accurately assess tenant's improvements, market value and a variety of other factors that may have a bearing on the lease extension premium.
Our comprehensive desktop reports provide a thorough lease extension report and valuation but without the additional cost of a property inspection.
This is a fast and cost effective valuation service based on our having only limited relevant information.
Whether you are collectively enfranchising or extending your lease on a statutory or non-statutory basis, negotiations will invariably be involved and we can help.
Chroma Surveyors can bring our highly knowledgeable and experienced professional services to your negotiations to give you a commercial edge, our involvement ensuring the best possible financial terms for our clients whether leaseholders or freeholders.
A wealth of well-honed negotiation skills obtained over many years and an excellent reputation for successful outcomes for clients.
Chroma Surveyors can bring our highly knowledgeable and experienced professional services to your negotiations to give you a commercial edge, our involvement ensuring the best possible financial terms for our clients whether leaseholders or freeholders.
A wealth of well-honed negotiation skills obtained over many years and an excellent reputation for successful outcomes for clients.
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