🏡 Leasehold Extension Guide 2025: Should You Extend? | CBBR Property Experts
If you own a leasehold property, your dwindling lease could be silently devaluing your asset and complicating future sales. As the 2025 leasehold reforms approach, our leasehold extension guide helps you answer three critical questions:
📌 Key Questions Answered in This Video
✅ What is a lease extension & why does it matter?
✅ New 2024 laws – How the Leasehold & Freehold Reform Act makes extensions cheaper & easier
✅ When should you extend? (Best timing to save money)
✅ Real cost examples – How much YOU could pay
✅ Step-by-step process – From valuation to completion
🔥 Critical New Changes (2024-2025)
✔ No more “marriage value” (Biggest cost removed!)
✔ 990-year extensions (Up from 90-150 years)
✔ Zero ground rent forever
✔ No 2-year wait rule (Extend immediately after buying)
⚠️ BUT… Most changes aren’t active yet (Expected late 2025). We’ll explain whether to WAIT or ACT NOW.
📊 Should YOU Extend?
👉 EXTEND NOW IF…
- Lease is under 80 years (Costs rise FAST below this!)
- You’re selling soon (Buyers avoid short leases)
- You need a mortgage (Lenders reject short leases)
👉 CAN WAIT IF…
- Lease is 85+ years (Less urgent)
- You’ll hold until 2025 (New rates may cut costs)
💡 Pro Tips from CBBR
- Always get a valuation first (Avoid overpaying)
- Use a leasehold specialist solicitor (Standard conveyancers often miss loopholes)
- Check if your freeholder offers voluntary extensions (Could be faster/cheaper)
Beyond leasehold advice, CBBR offers complete property solutions:
✅ Need construction or renovations? Our trusted partner WU Builders delivers high-quality workmanship
✅ Require professional property management? We handle maintenance, tenants, and compliance
✅ Looking to buy or sell? Our agents specialize in leasehold transactions
