Why it matters
Why extend your lease?
Protects your property value
A short lease, particularly below 80 years, significantly reduces the market value and mortgageability of your property. Extending protects your investment.
Reduces ground rent
Under the statutory route, the new lease is granted at a peppercorn (zero) ground rent, removing an ongoing financial liability.
Essential before selling
Buyers and their mortgage lenders require adequate lease length. Most lenders require at least 70 to 85 years remaining after the mortgage term.
Act before 80 years
Once your lease falls below 80 years, marriage value becomes payable, substantially increasing the cost of extension. Act early.
Our process
How we work
Initial advice
We discuss your situation, confirm your qualifying status, and advise on the likely premium range and which route is best for you.
Valuation & report
We inspect the property and prepare a RICS-compliant valuation report establishing the premium under the statutory formula. Where you need a faster turnaround, or an inspection is not practical, we can prepare the valuation on a desktop basis instead.
Negotiation
Where it is needed, we negotiate with the freeholder's surveyor to agree the premium, through either the statutory or informal route. Negotiation is handled on your behalf as a separate service, quoted on instruction once your report is delivered.
Completion
Once agreed, your solicitor handles the legal documentation. We remain available to advise throughout the process.
Common questions
Frequently asked questions
From £695 · Statutory & informal routes
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