Leasehold is among the myriad of decisions buyers and owners have to deal with. Increasing numbers of properties are built and sold on a leasehold basis and with leasehold property, you are buying the rights to live in a property for a set time.

You may contemplate the advantages of extending the lease term sooner rather than later, and our team of specialists are here to help you get through all the dilemmas from start to finish!

How to qualify?

You need to be a qualifying tenant under The Leasehold Reform, Housing and Urban Development Act 1993, which gives lessees the right to surrender the existing lease and acquire a new lease on their property. To be a qualifying tenant, you must have been the registered owner of a property with a long lease for at least two years.

What is the lease extension process?

  • Eligibility check
  • Initial checks
  • Serving of Notice
  • Compliance with Landlord requirements
  • Consent of Lender (if required)
  • Dealing with the draft Deed of Variation
  • Completion of the Deed
  • Registration of the Deed

However, a voluntary route does not require a notice to be served and can be discussed with the landlord (even prior to becoming a qualifying tenant).

How much will it cost me?

Our Conveyance Solicitors offer will provide you with a free initial consultation. Leave everything to us as we handle everything hassle-free for you.Our fees cover all of the work necessary for your lease extension, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you are interested in buying is in Wales.

Please note all prices below are exclusive of VAT. The fees listed are our average fee ranges for a purchase transaction. The cost (including additional fees and disbursements) may vary depending on the instruction source, your solicitor’s experience and location, the property price, and what work we are required to do.
Legal Fee: £399 – £4,500

A leasehold extension application process involves a more complex area of law. It can be a tedious procedure with strict timelines, and it is critical to have professional solicitors in this field who understand what they’re doing.

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