Lease Extensions

Lease Extension Calculator

Protect your investment — Leases below 75-80 years will make it difficult for you to sell or even arrange a remortgage

When you invest a large amount of money in a property, you should do everything you can to maintain or even increase its value. A simple way of doing this is by extending the lease.

Protect your investment
Extend your lease

I am a Leaseholder

I want to extend my lease
From £600.00
Book Now
I have been served a section 42 notice
From Free
Book Now
My leaseholder wants to extend their lease informally
From Free
Book Now
The Leasehold Reform, Housing and Urban Development Act 1993 (as amended) gives the long leaseholders of flats the right to extend their lease by an additional 90 years at effectively zero ground rent. We specialise in undertaking these lease extension valuations and we can also act as Expert Witness at the Leasehold Valuation Tribunal, should this be required.

Information

At Arnold & Baldwin we have experienced surveyors who specialise in undertaking lease extensions and freehold enfranchisements valuations.

  • Are you a leaseholder with a short lease?
  • Are you in the process of buying a flat with a short lease?
  • Are you a freeholder who has received contact from your leaseholder who wishes to extend their lease?

Regardless of whether you are interested in extending your lease, buying a freehold property, or even selling your freehold, Arnold & Baldwin are here to help.

Our experts understand the legislation on this so you don’t have to. If you have owned your property for at least 2 years, you are entitled to 90 additional years, on top of your current lease length, as well as a Peppercorn ground rent (nil value).

Following an inspection of the property, our specialist report will provide you with a clear and detailed valuation for the lease extension or freehold enfranchisement, as well as a starting offer with which to begin negotiations.

There is a statutory calculation to arrive at the appropriate premium, however there are a number of variables which need to be agreed between both parties. This can result in a period of negotiation.

Whilst this can be a daunting process, our experts are highly experienced in this process and will offer guidance and support throughout.

At Arnold & Baldwin we have extensive experience in conducting negotiations on our client's behalf. These negotiations can be by email, phone or sometimes a good old fashion face to face conversation. We work closely with our client and their legal representative to ensure everyone is kept up to date. We understand no news doesn't always feel like good news!

Whether you are negotiating informally or under the terms of the Leasehold Reform housing and Urban Development Act 1993, you are likely to be working to a timescale. Negotiations can be resolved quickly if both parties are proactive and address their differences immediately, however certain cases are more complex and ‘worst case scenario’ can result in a Tribunal Hearing to determine the cost of the extension.

The process can sometimes appear a minefield, however Arnold & Baldwin can guide you through the process step by step. We can provide hourly rates or fixed fees which will enable you to keep a handle on costs and feel in control.

We are here from start to finish, whether your case is straightforward or one of those slightly more tricky ones. Regardless of the situation we at Arnold & Baldwin have years of experience of agreeing lease extensions and freehold enfranchisements, whilst also representing clients at Tribunal if that is required.

Call us today to speak with one of our experts about your lease extension or freehold enfranchisement.

You may also be interested in

Dream Home or Worst Nightmare?

Buying your new home can quickly become your worst nightmare. A home survey will help you realise your dream and help you buy with confidence. Find out more about the importance of a home survey here

The Importance of a Home Survey

Watch the Video

4.6 Average rating on Google
Here's what our customers say

CLARE MCSHANE

Professional, efficient surveyors. Get the job done in a timely manner, had our survey back within 5 days of inspection. All team members I spoke with (Tiffany and Billy) were really lovely. Highly recommend. :)

RICARDO OLIVEIRA

I have only just started working with Stephen and he has already demonstrated the high levels of customer attention and dedication that this company has. The first impression he has caused is such that made me write this review. I have no doubt that the continuous service will be of same level. Looking forward to working further with Stephen. Well done!

Steve Kenny

Lease extension - I found Daniel Grove very professional and had an excellent understanding of all aspects relating to this transaction. Advice was invaluable, and it was nice to come across someone who did exactly what they said they were going to do. Would not hesitate in recommending the firm and Daniel to anyone who has a lease to extend.

Petros Kyrkilis

Amazing job and fully professional treatment. The surveyor went above and beyond to check for everything, when he could have easily claim lack of access. In addition he was more than happy to answer questions over the phone and be there to explain the steps.

Lynn Wilson

Within 48 hours I received my detailed report from Joe Arnold which enabled me to see the property as it was and not through rose-tinted glasses! The report highlighted areas where money might need to be spent and provided guidance on questions for my solicitor - just what I needed. Overall, the survey enabled me to re-assess my offer and in this respect was invaluable. Thank you for a friendly and professional service.

Mark Roberts

100% choose this company. As first time buyers we had a mortgage valuation which said the house was fine. The Arnold & Baldwin survey found over £30,000 of problems. Holes in the roof with daylight visible, damp, woodworm, broken sash windows and poor electrics. This company helped us renegotiate and save a fortune.

Joebun

Arnold & Baldwin came recommended and I’ve got to say they were brilliant - not just in identifying issues with the property I was looking at but in the way they kept me informed and up to date (ie picking up the phone instead of just posting / emailing communications with you). After dealing with estate agents for so long, it’s nice to have someone who is genuinely on your side.

Kamal Rahman

From my initial interaction with the firm I found them to be prompt, courteous and helpful. I received a detailed Homebuyers report within a week of instructing and was given the opportunity to talk it through with the attending surveyour. Overall excellent service all round, would certainly recommend this firm.

Sign up for monthly Property Insights

Follow Us