Question 1

What is a lease extension?

Accepted Answer

A lease extension allows a leaseholder to increase the length of time remaining on their property lease, usually in exchange for a premium paid to the freeholder.

Question 2

Why is a lease extension important?

Accepted Answer

A shorter lease can reduce property value and make mortgage lending more difficult. Extending the lease helps protect the property's long-term value.

Question 3

When should I extend my lease?

Accepted Answer

Many leaseholders begin the process before the lease reaches 80 years remaining, as costs often increase below this point.

Question 4

What does a chartered surveyor do during a lease extension?

Accepted Answer

A chartered surveyor provides professional valuation advice and negotiates with the freeholder to help secure fair terms for the leaseholder.

Question 5

How long does a lease extension take?

Accepted Answer

The process varies depending on negotiations and legal matters but can often take several months from start to completion.

Question 6

Do you only work in London?

Accepted Answer

Our primary focus is providing lease extension services throughout London and surrounding areas.

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