Lease Extension Solicitors > Lease Extension Quote & Valuation
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Increase the value of your flat by extending your lease
"I thank God for finding Naylor, Solicitors during my search for a specialist form of lawyers."
The longer you wait to extend your lease,
the more you will have to pay the freeholder
If your lease runs below 80 years it will incur 'marriage value',
which could dramatically increase the cost of the lease extension.
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Instruct Your Solicitor
How does the lease extension process work?
We provide an online quote for our fees and a lease extension valuation for the estimated premium you will pay the landlord.
You will a specialist solicitor to manage the legal side for you. We are experts in this field, offering a comprehensive service at competitive rates.
You will also need an experienced valuer to complete a professional valuation and handle premium negotiations with the landlord.
Frequently Asked Questions
What is a lease extension?
A leasehold is the right to occupy a piece of land for a certain period of time. When the lease expires the property reverts to the freeholder. A lease extension is when you add years to your lease on the property.
What are the benefits of extending the lease?
You can add up to 90 extra years to your lease, increase the value of your flat and avoid paying ground rent again. If you extend before the lease runs below 80 years, you limit the cost considerably.
What are the types of lease extension?
Provided you qualify for a statutory lease extension, also known as a formal lease extension, you will be legally entitled to compel your landlord to grant you a lease extension on fixed terms i.e. 90 extra years on your lease and no ground rent. This is guaranteed because you are protected by statute.
A non-statutory lease extension, also known as an informal or voluntary lease extension, is a private agreement between the leaseholder and freeholder.
This might be quicker, cheaper and easier than the formal process, but you are not protected by statute and the freeholder may impose harsh terms.
Can I do it myself?
It is very important to have an expert solicitor and an experienced valuer to manage the process for you.
This is because lease extensions are a specialist area; mistakes can derail the enterprise, so it would end up taking much longer and costing significantly more.
How long does it take?
The whole statutory lease extension process will normally be completed within 6-9 months. In theory the non-statutory route may be quicker, but that is not necessarily the case in practice.
How much does it cost?
You will need to account for the following costs:
Naylor Solicitors LLP
25-27 Buckingham Palace Road
020 7963 8690
Naylor, Solicitors is a specialist real estate law firm based in Prime Central London
See what our clients say...
"The office was efficiently run and emails were always answered promptly. Efficient, Friendly, Helpful."
"I’m really pleased to have found myself in Naylor LLP’s hands in negotiating my lease extension."
"I received an excellent service throughout my lease extension process [...] I would have no hesitation in recommending Naylor LLP to others."
"Thank you to everyone at Naylor LLP for your help extending the lease on my flat [...] I have been recommending your services to other flat owners."
Dee M. Babudoh
"I’d like to take this opportunity to thank you and your team for your excellent service and continuous support with our lease extension."
"Efficient. Timely. Value-for-Money. Professional"
"I am so glad to have such an efficient professional to deal with this."
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