How much does it cost to extend a lease?
It depends on how many years are left, your ground rent, and the value of your flat. We give you an idea of the cost, and show you the options that can solve it for good.
What drives the cost
Years remaining. The shorter the lease, the more it costs. Below 80 years the price rises sharply.
Ground rent. Higher ground rents push the premium up. A statutory extension reduces your ground rent to a peppercorn, effectively zero.
Flat value. The more your flat is worth, the higher the premium.
The deal. The premium is negotiated, and valuations vary.
A word on timing
If your lease is heading towards 80 years remaining, don't wait. Once it drops below 80 years, an extra cost called marriage value is added to the premium, and extending gets noticeably more expensive. The closer you are to that line, the more it pays to act now.
What it costs
There are two parts to the cost. First, the premium: what you pay the freeholder for the extension, which depends on your flat and is usually several thousand pounds or more. Second, the professional costs: a solicitor and a surveyor to handle it properly. Professional costs (a solicitor and a surveyor) typically run to around £2,500 to £3,000 plus VAT. Our free estimate gives you an idea of the premium for your flat, so you can see the whole picture before committing.
One thing you should know
Government reform is changing how freehold valuations work. Figures that hold today may shift as the Leasehold and Freehold Reform Act rolls out. We track the changes and keep you informed, so you're never working from stale numbers.
What we do, and what we don't
We give you a clear estimate of what extending your lease would cost, so you can plan. We don't handle lease extensions themselves: that's a job for a solicitor and a surveyor. What we do is help leaseholders take control of their building, which is often the bigger win.
There's more to control than the lease
Extending your lease fixes the lease. It doesn't change who runs your building or what you pay in service charges. For that, leaseholders have the Right to Manage: take over the management of your block for £9.99 a flat, without buying anything. Many people sort their lease and take control of the building at the same time, a good amount of control while keeping costs down. And if you want to go further and own the building outright, so you can set lease terms yourselves and end ground rent for good, buying the freehold together is the full step.
Your number, free, in minutes
Answer a few questions about your flat and lease and get an estimate in your building hub. No commitment, no payment details. Just the number, and what your options are.
"We finally got transparency across all our costs. Everything suddenly became 50% cheaper."
Philippa, Trinity Road, London
Residents are the best people to run their own building. You know the block, you know what it needs, and when everyone is coordinated on one platform, the work is genuinely manageable.
