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Credit crunch: good news for lease holders of UK property

Date: 19 Apr 2010

Citywealth

A lease is a wasting asset say Rooks Rider and the fewer years left to run, the more expensive it will be to extend or purchase the freehold. However when property capital values are low it could mean that it will cost you less.

Eighty years is the threshhold where it is vital to take action say Rooks Rider particularly if the property has to be moved within a trust where there may be delays. Also if a landlord is not performing then buying the freehold will allow owners to take control of the building and to grant your own lease.

Contact their Wealth Planning Team

www.rooksrider.co.uk
Rooks Rider
Challoner House
19 Clerkenwell Close
London EC1R 0RR
Tel: +44 (0) 20 7689 7000

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