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Want to take over the management of your building?

Our E-Learning platform has modules for leaseholders looking to manage their own building using a RTM company.

Find out more here

When should I extend my lease?

The value of a lease goes down as the years go down. In general is best to extend the lease before it reaches 80 years or below because some lenders require a certain number of years before they are prepared to lend.

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.

Lease extension can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area.


More information you might find useful:

Still not found the answer?

Contact LEASE to have your enquiry dealt with by one of our experienced advisers

LEASE is governed by a board, appointed as individuals by the Secretary of State for the Department for Levelling Up, Housing & Communities.

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