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Frequently Asked Questions
- I own a leasehold house. How much will the freehold cost?
- I want to extend my lease. Are there any additional costs payable other than the price of the lease extension?
- How can I buy the freehold of my building?
- How long can I extend my lease for?
- Why do I have to extend my lease?
- I own a leasehold house. How do I buy the freehold?
- What will it cost to apply to the Leasehold Valuation Tribunal (LVT)?
- What happens if we cannot agree on how much the lease extension should cost?
Frequently Asked Questions
When should I extend my lease?
When a lease drops below 80 years the premium to extend the lease increases because marriage value becomes payable. Marriage value is the increase in the value of the flat arising from the grant of the new lease.
More information you might find useful:
- Valuation for Leasehold Extension
- Lease Extension Calculator
- Leasehold Practitioners (lists of managing agents, solicitors, and surveyors)
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