Ask The Experts

We charge £2,500.00 plus VAT. This is a fixed fee and covers our time in managing the transaction from start to finish. In addition, this will cover us instructing the surveyor to produce a lease extension valuation report ready to submit to our olicitor so that they can submit the requisite Section 42 notice upon the freeholder. This will also cover your standard lease extension legal fees. In most cases there is no more to pay however if the freeholder instructs a solicitor to negotiate and the transaction becomes protracted, there may be additional fees for their time. This will be discussed with you throughout the process and you will be made aware of any potential extra costs.

If you are planning on selling your leasehold property but a short lease is limiting your sales value or the amount of people willing to view, you can extend your own lease or confirm you are selling with the benefit of a ‘deed of assignment’. This means that the new owners do not need to wait for two years of ownership before applying to the freeholder to obtain a statutory lease extension.

We fully appreciate a lease extension may feel like an unnecessary outlay however with the right financial advice it will result in your property being more valuable when you come to sell it. We are able to link you with our financial services director, who will talk you through how you can finance this extension.

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