Lease Extensions on Crown Green Court Worcester

Are you buying an apartment in Crown Green Court, Worcester?

If so please read this …

You may like to ask the vendor if the apartment is on a short 125 year lease or a long 999 year lease.

Why?

1. Short leasehold apartments pay ground rent; those on 999 year leases do not pay ground rent at all.
2. Extending your lease to 999 years helps protect your investment, and it may make it easier to get a mortgage in future.
3. You will be helping the whole site of 18 apartments (including yours) become truly freehold.

Currently 11 apartments have extended their leases to 999 years and the remaining 7 apartments are still on the original leases dating from approximately 1998 for a period of 125 years, so they have circa 97-99 years remaining.

Once the remaining 7 apartments have extended, Crown Freehold Limited will gift the freehold to Crown Green Court Management Company Limited, so that the freehold will be owned by the 18 apartment owners directly and the apartments will be truly ‘freehold’.

If you own an apartment in Crown Green Court and you want to extend your lease to 999 years, please contact Crown Freehold Limited using the contact form. There is a charge for extending your lease, calculated by industry standard methods, and you will be responsible for the freeholder’s legal fees in effecting the lease extension.

Please see https://www.lease-advice.org/advice-guide/lease-extension-valuation for more information on this.