Skip to main content

Most popular advice guides

Service charges and other issues

Service charges, administration charges, ground rent, recognised tenants associations and forfeiture. For a brief summary...

Leasehold Extension – Getting Started

The right to extend the lease of a flat under the Leasehold Reform Housing and...

Living in Leasehold Flats – A guide to how it works

The nature and typical rights and obligations that relate to the ownership of a leasehold...

Section 20 Consultation for Private Landlords, Resident Management Companies and their Agents

Consultation for qualifying works to a building and qualifying long-term agreements. Purpose of this booklet...

Leasehold Houses – Buying the freehold – Qualification and procedure

Qualification requirements for a tenant to buy the freehold of their leasehold house and outline...

Right to Manage

The right for leaseholders of a building containing flats to take over the management of...

Why should I extend my lease?

If you own a property that has a lease on it this ownership  lasts only for a period of time or term of years. As the lease gets shorter  and the number of years goes lower, the value of the lease decreases and it becomes more expensive when you extend the lease.

This is why it is often a good idea to increase the term of the lease especially if you want to sell the property. Sometimes it is difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on such properties.

Download a template informal letter enquiring about lease extension of a flat, or to purchase the freehold of a house or flat

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

Ministry of Housing, Communities and Local Government logo

LEASE is governed by a board, appointed as individuals by the Secretary of State for the Ministry of Housing, Communities & Local Government.

[name="email"]
[name="email"]