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Leasehold Enfranchisement

Lease Extension

A lease is a right to use a property for a period of time, and the defining feature of a lease is that one day it will come to an end, and the landlord (either a freeholder or someone with a longer lease than yours) will get the property back. It is a 'wasting asset', and as the term diminishes, so does the lease's value, and that of the property.

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You should look to extend your lease because;

  • Increases the value – As the length of your lease decreases, so will the property’s value
  • Saleability – If you decide to sell your property, a longer lease is more marketable
  • Easier to get a mortgage – It is easier to obtain a mortgage against a longer lease – most high street mortgage lenders will not lend on a property where the outstanding lease falls below 80 years
  • Cost of extending – When the outstanding lease falls below 80 years, the cost of extending also increases significantly, and an additional fee known as ‘marriage value’ becomes payable

When should the lease be extended?

A lease can be extended at any time, but we would always advise leaseholders to consider doing so when their lease term is approaching the 85 year mark, if not before.  However, it is strongly advisable to do so before the term falls below 80 years, for the reasons outlined above.

How do I extend my lease?

There are two methods to extending your lease. They are;

The informal method: This is a lease extension by way of an ‘informal’ agreement between leaseholder and landlord, i.e. progressed outside the relevant legislation. If both parties can agree suitable terms, then this process could end up costing less and potentially complete more quickly than the statutory route.

The formal (statutory) method: If eligible to do so, a leaseholder can progress a lease extension under the Leasehold Reform, Housing and Urban Development Act 1993 by serving a statutory (section 42) notice on the landlord. Unlike with an informal extension, the landlord is compelled to grant the applicant leaseholder a lease extension provided the notice is valid and served correctly in line with the legislative requirements.

Legal costs for this method are typically higher due to the volume of complex legal work involved, and due to timescales imposed by the legislation, completion of a statutory lease extension can feasibly take at least 6 months.

What if your landlord doesn’t agree?

As a rule, though there are exceptions, with the statutory method, the tenant has a right to extend your lease by 90 years whether the landlord agrees or not, once they have owned your flat for two years. We can handle the whole process for you, call us on 020 8771 5254 to discuss your options.

How much will it cost?

There’s no set price to extending a lease, as it is valued based on the term of your lease. The shorter the lease, the higher the cost tends to be. Additional costs will be added for legal and valuation fees.

At Amphlett Lissimore, we understand that cost will be a concern. Therefore, we will give you a firm estimate of the costs involved at the outset so that you are fully aware of your position before you start the process. As part of our involvement in a lease extension, we not only assist in extending the lease, but we also apply specialist knowledge, expertise and experience to review the terms of the existing lease in their entirety. We advise on how the lease can be improved and updated to help comply with current mortgage lender requirements, to help avoid any issues selling the lease in future.

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If you would like to discuss our leasehold services or book an appointment with us, please get in touch, or request a callback.

What our clients say

Neelam helped me extend my lease when I took over a share of the freehold on my flat. I've had a lot of experience of solicitors and was delighted with the way Neelam was able to progress my lease extension with such competence and alacrity. She ensured both leases (ie... Read more


I approached Amphlett Lissimore to renew the lease extension of my property. I received an accurate and professional service from them and I am very satisfied with the outcome. They were able to manage and solve many issues which were relating to my lease extension. I am very grateful for... Read more


Our residents association used this company to undertake a lease extension for the eight flats in the block. Neelam Trikha was the solicitor acting for the company and helped us to update aspects of the original lease and ensure that all the required information was received from flat owners to... Read more


Extension of a property lease on my home. Prompt responses and a comprehensive and knowledgeable service. Good customer experience. A thank you to Helena Cavanagh too, for her help.


I wanted Lease Extension on our flat. Solicitor in charge was very knowledgeable and professional. Helped me (and my wife) negotiate the complexities of the Legal process very effectively. We were given a time frame and the cost of legal matters beforehand. No legal jargon. Not disappointed at all. Job well... Read more


Neelam Trikha dealt with my lease extension case for a property in which I am the tenant. In spite of a difficult landlord to negotiate with Neelam did a fantastic and was very efficient navigating all parties through the process of extension. Further, once the lease was extended she was... Read more


I am very pleased with the service I received to extend the lease on my flat. I was kept informed of progress all the way through and queries were dealt with in a timely and professional manner.


Assisted in preparing lease extensions... Always available and capable of helping with my queries.


Excellent Service, Neelam kept us updated every step of the way with our Lease Extension and was so very helpful, I will be recommending your company to any family/friends who may need Legal Advice in the future. Thank you so much Neelam!


Leasehold Enfranchisement Team

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