If your lease is getting shorter, your property’s value, and your ability to sell or remortgage, could be at risk.
We provide precise RICS-compliant Lease Extension Valuations that help leaseholders in Liverpool, Wirral, Chester and the North West secure fair terms and avoid overpaying when extending their lease.
Our experienced Lease Extension Surveyors combine detailed lease analysis with in-depth local market knowledge to calculate the premium you’ll likely pay, taking into account marriage value, ground rent, and regional sales evidence. Whether you’re above or below the 80-year threshold, we’ll give you the clear, defensible figures you need to negotiate confidently with your freeholder.
If you own a freehold, you own the property and the land it sits on outright.
With a leasehold, you own the property for a fixed number of years, but not the land itself, that belongs to the freeholder.
When your lease runs out, ownership reverts to the freeholder, and you no longer have the right to occupy the property unless you extend the lease.
Every leaseholder’s position is slightly different, but the earlier you act, the better your outcome. Our Lease Extension Surveyors can provide the local insight and RICS-compliant figures that give you a clear advantage in discussions with your freeholder.
When valuing a lease extension, two factors have the biggest impact on cost: how long your lease has left and the ground rent you pay.
Both of these are taken into account when calculating your lease extension valuation. Understanding their impact on a lease extension, alongside the advice from a RICS-accredited Lease Extension Surveyor, can save you money and put you in a stronger negotiating position with your freeholder.
The length of your lease directly affects your property’s value, its saleability, and even your ability to get a mortgage.
A lease is a wasting asset: every year the term reduces, and so does your property’s value. Once your lease drops below 80 years, you’ll face marriage value costs, which can add thousands to the price of extending.
Marriage value is the extra value created when a short lease is extended — the difference between the property’s value before and after the extension.
Our Lease Extension Surveyors regularly see leaseholders in Liverpool, Wirral, and Chester paying far more than necessary because they delayed getting a lease extension valuation. Acting early, even with a long lease, can mean a smaller premium, less stress, and a stronger negotiating position with your freeholder.
Ground rent is a regular payment made by the leaseholder to the freeholder for the ongoing right to occupy the land your property is built on. It’s a distinct cost from your mortgage or service charges, and is set out in your lease agreement.
In the UK, ground rent can be a modest fixed sum or a much larger amount that increases over time, depending on the lease terms.
Because it’s factored into the calculation of your lease extension premium, the type and level of ground rent you pay can significantly affect the cost of extending your lease.
Recent legislative reforms are reshaping how ground rent factors into leasehold extensions, which can reduce your ongoing costs and simplify negotiations.
Our Lease Extension Surveyors at ASL provide a clear, accurate, and defensible valuation that meets RICS standards, accepted by solicitors, lenders, and tribunals.
With our combination of technical expertise and local market knowledge, you’ll have the information you need to make informed decisions and avoid overpaying for your lease extension.
We make the lease extension valuation process straightforward, so you can move forward with confidence.
Your lease extension valuation should reflect local market conditions, not just generic national figures. At ASL Chartered Surveyors & Valuers, we’ve carried out hundreds of leasehold extension valuations across the North West, giving us the insight to produce truly accurate, defensible valuations.
By combining our RICS expertise with up-to-date sales evidence from your local area, we make sure your valuation stands up in negotiations, whether you’re dealing with a freeholder’s surveyor, a solicitor, or a tribunal.
Our accreditation, extensive experience, in-depth knowledge of the commercial property market, ensures you receive the highest service with every valuation.
We deliver clear and concise reports providing a complete picture of your commercial property’s condition, value, or life cycle cost analysis.
ASL deliver comprehensive and precise valuations backed by thorough research and commercial market analysis.
Your satisfaction is our priority, and we are dedicated to tailoring our valuations to your unique requirements, and answering any questions throughout the valuation process.
Our local Lease Extension Surveyors in Liverpool, Wirral, and Chester will give you the clear, accurate, and defensible valuation you need.
For a price or help deciding on the right survey for you, call, email, or fill in the form below.
