Lease Extension Valuation London | RICS Chartered Surveyors

Lease Extension Valuation
from an Independent RICS Surveyor

Our RICS Registered Valuers provide accurate, independent valuations that give you a clear picture before you negotiate, so you’re not at the mercy of your freeholder’s figures.

WHAT IS A LEASE EXTENSION VALUATION?

What is a Lease Extension Valuation?

When you serve a Section 42 notice on your freeholder to extend your lease, both parties need to know what the premium should be. A lease extension valuation is an independent assessment carried out by an RICS Registered Valuer that calculates the fair market premium you should pay.

Without an accurate valuation, you risk overpaying the freeholder or entering negotiations without the evidence to push back on their counter-notice. The valuation is also essential if your case proceeds to the First-tier Tribunal (Property Chamber).

WHAT IS A LEASE EXTENSION VALUATION?

Don't Let Your Freeholder Set the Terms.

Lease extension negotiations can be slow, stressful, and expensive if you go in without the right advice. We’ve carried out valuations across London for leaseholders at every stage of the process, from first instruct through to tribunal. Our surveyors know how freeholders and their agents operate, and we know how to counter it. You get an independent, evidenced valuation and a team that knows exactly what it’s doing. Less stress. A clearer picture. And a stronger position from day one.

HOW THE PROCESS WORKS

How It Works

1.

Get a
Quote

Fill in the short form below and we'll come back to you with a fixed price, fast.

2.

We review your
lease

We'll review the key details including the current lease length, ground rent terms, and property type.

3.

We carry out the valuation

Your RICS Registered Valuer assesses comparable market evidence and calculates the premium range.

44.

You negotiate from a position of strength

You receive a clear, evidenced report to use in negotiations or at tribunal if needed.

Independent. Chartered. Working for You.

independent of lenders and agents, and experienced across London’s period property stock.

  • Fully qualified MRICS surveyors — no junior staff
  • Independent — we work for you, not the bank or the agent
  • 50+ five-star Google reviews
  • All London boroughs and nationwide

Once your report is delivered, your surveyor is available to talk you through it. That’s part of the service.

FRICS & MRICS Surveyors

Full membership, not associate level

Red Book valuation standard

Accepted by HMRC, courts and lenders

Professional indemnity insurance

Professional indemnity insurance on every instruction

Get a Free Quote Today

We’ll review your details and come back to you quickly with a fixed price and available inspection times. No obligation.

Why Leaseholders Choose Us

  • Completely independent, no freeholder relationships, no conflicts of interest
  • RICS Regulated Valuers with 25+ years of experience in London property
  • Section 42 valuations backed by robust comparable market evidence
  • Clear reports you can use in negotiations or at tribunal
  • Fixed pricing, confirmed before you commit
  • Covering Greater London and surrounding areas

What Our Clients Say

FREQUENTLY ASKED QUESTION

Frequently Asked Questions

When should I get a lease extension valuation?
As early as possible, ideally before you serve your Section 42 notice. Knowing the likely premium range helps you budget accurately and prepares you for negotiations. If you wait until after the counter-notice arrives from your freeholder, you’re already responding to their figures rather than leading with your own evidence.
The premium is based on a statutory formula under the Leasehold Reform, Housing and Urban Development Act 1993. It accounts for the ground rent, the number of years remaining on your lease, the property value, and market rates. The shorter the lease, the higher the premium — particularly once it falls below 80 years, where marriage value becomes an additional factor.
You can challenge it. If you and your freeholder cannot agree on the premium, either party can apply to the First-tier Tribunal (Property Chamber) to determine the correct figure. An independent RICS valuation report from Somerset & Sinclair gives you the evidence needed to support your case at tribunal.
Our pricing is fixed and confirmed before any work begins. The cost depends on the property and lease details. Get in touch via the form above and we’ll provide a quote with no obligation.
Yes. Your surveyor handles the valuation and the negotiation of the premium. Your solicitor handles the legal side, including drafting and serving the Section 42 notice and completing the transaction. Both are required, and they work together throughout the process.
It depends on your plans. If you intend to sell or remortgage within the next few years, a shorter lease can affect saleability and mortgage availability significantly. Many buyers and lenders are cautious about leases under 70 to 75 years. Extending earlier is generally more cost-effective, as premiums increase as the lease shortens.

Book Your Survey or Valuation Today

Know the numbers before you negotiate.

Get an independent RICS lease extension valuation. Fixed pricing. Fast turnaround.