2022-01-24
Our new product, Lease Extension, is now live and ready for you to use!
Lease Extensions are often required when extending or adding a variation to the lease of leasehold flats. At SortRefer, we have always offered Conveyancing solutions through our Non-Standard product. However, we have now developed its own Click & Quote option, making the process easier for you and your clients.
There are two types of Leases Extension: Statutory and Non-Statutory; both are available.
Non-Statutory can also be known as informal or voluntary lease extension and means that the client will simply agree on the terms with their landlord upfront. This will include both parties negotiating and discussing the terms of the Lease Extension and coming to an agreement and is often the easiest route, with fewer costs and quicker turnarounds.
Statutory is the formal route for Lease Extensions. If a client has owned the property for two years or more, they are entitled to serve a statutory notice on the landlord forcing them to grant an extension on the existing lease. Within a Statutory Lease Extension, the terms are fixed, and there is a strict timetable to adhere to.
The SortRefer Quoting Process
The quoting process for Lease Extension follows our usual SortRefer process, and you’ll be able to obtain a quote within seconds.
Please note that there are a couple of questions that govern the overall price, including:
· Whether is it Statutory or Non-Statutory
· Whether there is a Mortgage on the property
The price differs for Non-Statutory and Statutory due to the difference in legal work required.
*Please also note that this product is only available in England/Wales.
Fast Facts/Benefits
· Flexible Earning potential - £0-£150. We let you choose the referral fee.
· Quote for both Statutory and Non-Statutory Lease Extensions.
· Quick click & quote for your client’s Lease Extension needs.
· Keep track of progress with real-time case updates from our supplier.
If you’d like to learn more about our products, you can sign up for our Free portal today via the website or speak to a member of the SortRefer team.
Telephone: 0333 456 4567
Email: enquiries@sortrefer.co.uk
