Under the Leasehold Reform legislation, most qualifying leaseholders have the legal right to:

• Add 90 years to their existing lease
• Reduce the ground rent to a peppercorn (nil)

You no longer need to have owned the flat for two years before serving a Section 42 Notice, but you must be the registered proprietor at HM Land Registry.
The process is formal and time-sensitive. Deadlines matter. Valuation evidence matters even more.

A lease extension valuation is not the same as a standard market valuation.
It involves:

• Assessing the long lease value of the flat
• Analysing the existing lease terms
• Applying capitalisation and deferment rates
• Considering relativity and tribunal precedents
• Calculating compensation to the freeholder

It is technical work, governed by legislation and case law.
Getting it wrong can cost thousands.
Alison Stone is a leasehold reform valuer, advising leaseholders across Essex, London and further afield.

We provide:

• A detailed statutory lease extension valuation
• Advice on strategy before serving notice
• Negotiation with the freeholder’s surveyor
• Tribunal representation where necessary
• Clear guidance throughout the process

Our approach is straightforward and evidence-based.
No inflated figures. No unnecessary confrontation.
Just careful analysis and sensible negotiation.
Most of my clients simply want clarity and confidence. Our role is to make a complex process feel manageable.