Leasehold Enfranchisement

If a property being purchased is Leasehold then the value of the property will fall as the length of the unexpired lease term reduces. As a consequence the saleability/mortgageability of the property will be affected and Lenders will become increasingly reluctant to accept it as a security against which a mortgage can be raised.

Extending the number of years on the lease is undertaken using a process of enfranchisement**. We act for both the Freeholder and Leaseholder in such matters providing valuations and reports as required. In the event that valuations remain subject to dispute representations can be made to the Tribunal responsible for such matters.

**The process by which the terms of the lease are altered has been subject to review but although the Leasehold and Freehold Reform Act 2004 became law in January 2025 not all of its proposed changes to the process have been enacted. Our aim is to guide you through the valuation process by having regard to the existing process and the proposed changes and to ensure that your lease is extended on fair and reasonable terms.