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Services LV offer

Are you the owner of a leasehold property with a term of less than 100 years? Leasehold Valuation’s expert lease extension surveyors in the UK are solely dedicated to residential lease extensions and leasehold enfranchisement. We offer valuable information on determining the appropriate cost and guiding you through the lease extension process. Get our FREE leasehold valuation consultation today to smoothly extend your lease and explore the option of buying your freehold.

We take pride in the fact that our experts are all Chartered Surveyors and so regulated by the Royal Institution of Chartered Surveyors (RICS).

We have served clients across Berkshire, Home Counties, London, Slough and surrounding areas. Over the last 15 years, we have served clients throughout England and helped them save thousands when extending their leases and purchasing their freehold. You can count on our proficient, skilled and certified experts.
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Lease Extension Calculator

Using just three basic pieces of information, Our calculator will let you know what your lease extension will cost.

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Buy Your Freehold

Confused about buying Freehold of leasehold property, or what rights you have for buying freehold? Our handy guides can help.

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Extend Your Lease

Thinking of extending your lease? We offer a range of expert advice and services at competitive prices for both Leaseholders and Landlords.

Lease Extend Guide

Free Initial Lease Extension Advice

Arrange a free consultation with one of our experienced conveyancing executives on
  • Lease extension
  • Purchasing the freehold or share of freehold
  • Selling a leasehold property with a short lease
  • Extending the lease at the same time as you sell
Free initial lease extension advice

How It Works

Contact us to get in depth advice for your lease extension or lease purchase query. Our professional chartered
surveyors will guide you from start to finish.

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Contact Us

For advice and quick solutions for lease extension and freehold property.

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Fill in the form and tell us how we can help you.

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Schedule Consultation

Our experts will review your query and respond to you with a solution.

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Follow up Queries

Our surveyors will be more than happy to address any concerns or queries.

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Securing The Future of Your Leasehold or Freehold Property in UK

Extending a lease or buying a freehold can be a daunting task. At Leasehold Valuations, we help you understand every detail about the process involved. We make sure that our clients get the best service and for that our lease extension specialists take every care to ensure our advice is clear and concise. Leasehold Valuations is passionate about offering professional, independent and cost-effective advisory services related to negotiation and lease extension valuations of residential leases or freehold purchases. Still you have questions like ” Can I purchase the freehold? ” or ” Is it safe to buy freehold property? ” then book FREE CONSULTATION with us.

Regulated by RICS

Extending your lease or purchasing the freehold usually results in increasing the value of your property also. We have helped hundreds of leaseholders increase the value of their properties and save thousands or pounds in the process.
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FAQs

A leasehold extension is the process of extending the lease term of a property held on a leasehold basis. It helps maintain the property’s value and desirability. Leasehold extension legislation allows leaseholders to extend their lease, ensuring the property remains attractive for sale or mortgage purposes.

The length of a leasehold extension can vary depending on the jurisdiction and specific circumstances. In some countries, such as the United Kingdom, leasehold extensions are typically granted for an additional 90 years beyond the remaining term of the existing lease. However, it’s important to note that leasehold extension regulations can differ, and it’s advisable to consult local laws or seek professional advice like leasehold valuations for accurate information regarding leasehold extensions in a specific jurisdiction.

Extending the leasehold of a property offers benefits such as increased property value, improved marketability, easier access to mortgage financing, peace of mind and security, avoidance of escalating costs, and more control over property management.

After 99 years, the leasehold property typically reverts back to the freeholder, unless the lease is extended by the leaseholder. The ownership of the property, along with the land it is built on, returns to the freeholder once the lease expires. As a lease approaches its expiration, the property’s value may decrease, making it more challenging to sell or mortgage. It is advisable for leaseholders to consider extending their lease well before it reaches the 99-year mark to maintain the property’s value and their ownership rights.

Fair Price: A leasehold valuation ensures you pay a fair price for lease extension or freehold purchase.

Increased Property Value: Extending the lease or buying the freehold can potentially increase your property’s value.

Cost Savings: Accurate valuation helps minimize future costs like ground rent.

Stronger Negotiation: A valuation report strengthens your position during negotiations with landlords.

Legal Compliance: Valuations ensure you meet legal requirements for lease extensions or freehold purchases.

Future Planning: Valuations help you plan for selling or passing on the property to future generations.

Expert Advice: Engaging a valuer provides access to their expertise and guidance.

Mortgage Support: Valuation reports improve your mortgage opportunities for lease extensions or freehold purchases.

The cost of renewing a leasehold in the UK can vary depending on various factors, such as the property value, the length of the renewal term, and any negotiations between the leaseholder and the freeholder. Unlike extending a lease, which typically involves paying a premium to the freeholder, renewing a lease generally involves paying a nominal fee known as a “peppercorn rent” or a small percentage of the property value.

The exact cost of renewing a leasehold will depend on the specific terms agreed upon between the parties involved. It is advisable to consult with a solicitor or a licensed conveyancer who specializes in leasehold matters to get an accurate estimate of the costs involved based on your particular situation.

The cost of extending a leasehold in the UK can range from a few thousand pounds to tens of thousands of pounds, depending on factors such as the remaining lease length, property value, and negotiated terms with the freeholder. Additional costs include legal fees, valuation fees, and disbursements such as Land Registry fees. It’s recommended to seek professional advice for an accurate estimate based on your specific situation.

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