- Get legal advice and step-by-step guidance throughout the lease extension process.
- The longer you wait the higher the premium you will need to pay your landlord.
- You are legally entitled to extend your lease by a minimum of 90 years.
Starck Uberoi Solicitors
London Lease Extension Specialists
3 Reasons you should extend your lease
If your lease runs below 80 years it will incur a ‘marriage value’, which means you will need to pay the freeholder considerably more for the lease extension.
Increase your property value
Once you have extended the lease the value of your flat will increase.
How to Start the Lease Extension Process
Instruct a Solicitor
A conveyancing solicitor is required to manage all the legal aspects of your lease extension and deal with landlord information requests.
Appointing a Valuer
We have good relationships with a number of experienced Chartered Surveyors and can negotiate with your landlord to achieve the best possible premium for your lease extension.
Your Dedicated Lease Extension Lawyers
You will be allocated a dedicated a lease extension solicitor with
direct dial number and email from start to finish.
Raminder Singh Uberoi
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Lease Extension FAQ’s
What happens if my lease falls below 80 years?
- The lease becomes more expensive to extend due to the marriage value.
- You may face difficulties remortgaging or finding someone to buy with a mortgage.
Do I qualify for a lease extension?
- You must have held the property continuously for a minimum of 2 years, and the term originally granted on the property must have been over 21 years.
What is a Section 42 Notice?
- A Section 42 is a legal notice detailing the fixed premium arranged with the landlord in exchange for extending the lease.
Can I extend my lease without serving a Section 42 Notice?
- You can take an informal route, however you may experience delays and the landlord can refuse or arrange the lease on their terms.
How long does a lease extension take?
- A lease extension can take between 1 & 6 months or longer, depending on if you and your landlord can agree on a premium.
Can I buy the freehold outright?
- If more than 50% of flat owners in your block wish to acquire the freehold you can follow a procedure known as collective enfranchisement.
Starck Uberoi is the trading name of Starck Uberoi Solicitors Limited. Authorised and regulated by the Solicitors Regulation Authority under SRA number 611703. Registered in England & Wales under number 8835676. VAT no.: 177503985. Registered office: 45 St Mary’s Road, Ealing, London, W5 5RG. Click here to access the SRA code of conduct. List of Directors available for inspection at our registered office. We do not accept service by email. We use the term “Partner” to refer to a Director of Starck Uberoi Solicitors Limited.