Expert Witness Services
Specialist Leasehold Valuations and Negotiation Support
If your lease is approaching or has fallen below 80 years, extending it is crucial to protecting your property’s value. At Gibsons Surveyors, we specialise in Lease Extension Valuations, supporting both leaseholders and freeholders with accurate figures, strategic advice, and professional negotiations — all prepared by Regulated Chartered Surveyors and RICS Registered Valuers.
Why Lease Extension Matters
A lease below 80 years triggers Marriage Value, increasing the cost of extension
Short leases can affect mortgage ability and resale value
The shorter the lease, the more expensive the premium becomes
Extending early protects long-term value and gives you peace of mind
Recent Legislative Update
The Section 42 notice process for lease extensions in the UK remains largely unchanged under the new government, but a key reform has eliminated the previous two-year ownership requirement for leaseholders. This means leaseholders can now initiate a lease extension or freehold purchase immediately upon becoming the registered owner of the leasehold, without having to wait two years.
We are currently awaiting new directions from the Government in relation to further leasehold reform and lease extension procedures. We will update our advice in line with any confirmed changes.
Our Lease Extension Services
Formal (Statutory) Lease Extension Valuations – under the Leasehold Reform, Housing and Urban Development Act 1993
Informal (Negotiated) Lease Extension Valuations – direct with the freeholder
Review of Freeholder Premium Demands
Negotiation Support and Counter-Offers
Tribunal Preparation (if needed)
Why Choose Gibsons Surveyors?
In-depth experience in leasehold valuation and enfranchisement
Accurate premium calculations with clear breakdowns
Impartial advice on formal vs informal routes
Local market expertise across London, Essex & the Home Counties
Quick turnaround with fixed-fee structure available
Working With Your Solicitor
We work closely with your legal adviser to coordinate service of notices, verify terms, and provide support through every stage of the lease extension process.
Turnaround Times
We aim to deliver your lease extension valuation report within 3–5 working days of inspection.
Next Steps
If your lease is nearing the 80-year mark, now is the time to act. We provide clear, dependable guidance at every stage of the process.
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FAQs
Yes — under current reforms, the two-year ownership requirement has been removed. You can now initiate a lease extension or enfranchisement as soon as you are the registered owner.
Around 4–6 months depending on the freeholder’s response and complexity.
Yes — we can negotiate the premium with the freeholder or their surveyor and support Tribunal applications if required.
Register Your Interest
Register your interest today to receive further information about our Lease Extension Services. We’ll provide guidance on what to expect from a survey, advice on common property issues, and updates to help you make informed decisions.
Simply leave your details and we’ll be in touch with clear, practical information tailored to your needs.