Lease Extension Expertise to Unlock Your Property’s Potential

A lease extension is the process whereby an individual leaseholder or a group of leaseholders extend the term of their lease. A standard lease is for a term of 99 years and when this starts to run down it is important that the term is extended to retain the value of the flat and for mortgage purposes. A lease extension can be undertaken by arms length agreement with the Freeholder (non-statutory) or by serving notice on the Freeholder which has the backing of the 1993 Leasehold Reform Act (statutory). A statutory lease extension will add another 90 years to the existing term and reduce the ground rent to nil. Both valuation and legal expertise are required for both types of lease extension and it is vital that you are properly represented by an experienced Solicitor and a Chartered Surveyor to ensure that you obtain the best premium while avoiding unnecessary additional costs.

At South East Leasehold we can undertake the whole valuation and legal process from start to finish under one roof. This provides for easy communication between your Valuer and Solicitor, ensuring no important deadlines are missed and keeping our costs competitive. Our Valuers also have the benefit of unlimited legal advice throughout the process and vice versa.

Request an online quote here for both our valuation and legal services

Our  quick and easy lease extension calculator is a useful tool to give you an indication of the likely cost of your lease extension. if you'd like to get an estimate, click on the button below.