Samuels Surveyors is an independent firm based in Richmond, Surrey who provide property valuations, party wall services, and building surveys throughout London, Surrey and further afield. We offer comprehensive services and professional advice to all our clients; including private buyers, house owners and property developers.
Samuels Surveyors and Valuers
020 8973 2330
5 Kew Road,
London TW9 2PR
We will carry out a visual inspection and attempt to operate the services; i.e., firing up the heating, turning lights on and off, etc. However, we are not qualified electricians, gas engineers or plumbers and therefore we cannot undertake tests of the services.
We would always recommend instructing a qualified contractor to carry out a safety test. We will able to recommend experienced contractors.
Generally, in order to qualify for a lease extension under the 1993 Act, the lease must have been longer than 21 years when it was first granted and you must have owned the flat for more than two years. If you are buying a flat with a short lease, the current owner may be able to assign the lease extension during the sale.
There are other rules such as if the property is under a Shared Ownership lease, you must have staircased to 100% and the freeholders cannot be the Crown or National Trust.
You can find out whether youíre a qualifying tenant by contacting your solicitor or visiting the Lease Advisory Website.
As the lease term diminishes, the value of your property decreases. This process accelerates when the lease drops below 80 years. As the lease term diminishes, the premium payable for a lease extension rises.
You are also likely to find that properties with shorter leases are much more difficult to sell in the open market due to many lenders refusing to loan against them. This can lead to the sales process being drawn out and increases the potential of the sale falling through.
Many common building projects may come under the Party Wall etc Act 1996. These can generally fall into three areas:
- Building along a boundary line
- Building works directly affecting the party wall (such as removing chimneys, cutting into the party wall, etc.)
- Excavating within three or six metres of the neighbouring property
Learn more about the works which come under the Party Wall Etc Act 1996 we recommend you look at the website Faculty of Party Wall Surveyors or for a no obligation chat please contact us.
T: 020 8973 2330
M: 07464 610 031