Wondering how much a lease extension costs? The answer depends on several factors, including your property's value, the number of years remaining on your lease, your ground rent and whether you extend your lease through the statutory or informal route.

Thinking about extending your lease but unsure what it might cost?

If you've been searching for a lease extension calculator, you're probably trying to understand how much it might cost to extend your lease.

An online lease extension calculator or lease extension cost calculator can provide a useful starting point for budgeting purposes. However, the true cost of a lease extension depends on several factors including the property's value with both its current lease length and after extension, ground rent, lease length and whether marriage value applies.

In this guide, I'll explain how lease extension costs are calculated, what information you'll need and why professional valuation advice remains essential.

The Leasehold and Freehold Reform Act 2024 promises major changes for leaseholders, including 990-year lease extensions and the abolition of marriage value. But which reforms are already in force, and should you wait before extending your lease or buying the freehold? Here's what leaseholders need to know.

Many leaseholders are delaying lease extensions in the hope that leasehold reform will reduce costs. However, changes to valuation assumptions such as deferment rates could mean some leaseholders end up paying more. Before deciding whether to wait, it's important to understand the potential risks and uncertainties.