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Why should I extend my lease?

A lease is a right to use the property for a period of time. As a lease gets shorter the value of the lease decreases and it becomes more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. 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.


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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 Ministry of Housing, Communities & Local Government.

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