Extend Your Lease and Protect Your Property Value
If you own a leasehold property, the number of years remaining on your lease directly affects your home’s value — as well as your ability to sell or remortgage it. Once your lease drops below 90 years, it becomes more expensive to extend, so it’s important to act sooner rather than later.
At Convey Us Legal, we support leaseholders through both statutory and informal lease extension routes. We work closely with professional valuers and your freeholder to help secure a new lease on the best possible terms.
Why Extend Your Lease?
- Protect resale value – properties with short leases are harder to sell
- Reduce ground rent – most extensions set ground rent to zero (peppercorn)
- Avoid marriage value – after 80 years, lease extensions get more expensive
- Remortgage more easily – lenders often won’t lend on short leases
- Maintain control – don’t let your freeholder delay or demand excessive terms
Our Legal Services Include:
- Reviewing your current lease and property title
- Serving the Section 42 Notice to start the statutory process
- Responding to the Section 45 Counter Notice from the freeholder
- Negotiating terms of the new lease (if informal)
- Liaising with your valuer and the freeholder’s solicitor
- Drafting and completing the Deed of Variation or new lease
- Registering the updated lease with HM Land Registry
Depending on your goals and eligibility, we’ll advise you on whether to proceed via the statutory or informal route.
Who Can Extend a Lease?
You must meet these conditions:
- You’ve owned the leasehold property for at least 2 years
- The original lease term was more than 21 years
- The property is residential (not commercial)
You don’t need to live in the property; leaseholders who let out their flats are also eligible.