Lease Extensions

Is the balance of your lease less than 80 years? If so you may have the right, under the Leasehold Reform Housing and Urban Development Act 1993 (as amended) to extend your lease or even purchase the freehold of the building in conjunction with your fellow leaseholders.

This is particularly important as, when you come to sell your property, the mortgage lender (bank or building society) may not be prepared to grant your purchaser a mortgage if the balance of the lease is less than 80 years (each lender has their own lending criteria).

We can give advice on all valuation matters connected with your lease — this includes collective enfranchisement where tenants group together to purchase the freehold and valuations for extending an individual lease. We are even prepared to attend the Valuation Tribunal on your behalf if your freeholder will not negotiate with you.

If you are in any doubt call us on 023 9269 7193 to discuss your particular situation. We are happy to give initial advice verbally and then to follow this up with a formal valuation and to negotiate on your behalf with the freehold owner‚ if required.

  • Do you need a valuation?

    Valuations provided for most purposes.

  • Do you need an Expert Witness?

    Law Society checked expert witness service.

  • Our Office

Tel: +44 (0) 23 9269 7193

Email: [email protected]

Email: [email protected]

Veness Chartered Surveyors

Part of McAndrew Martin Ltd

1 Links House

Portsmouth, Hampshire