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Are you overpaying for your lease extension?

By Sebastian O'Kelly on Feb 23, 2022 06:22 pm
Are you overpaying for your lease extension?

Linz Darlington, managing director of Homehold, which offers an end-to-end lease extension service, explains how leaseholders end up paying too much for a lease extension

When you do a statutory lease extension, the amount of ground rent you pay under your current lease is important – because it affects the price you will pay your freeholder.

This is why leases with high ground rents, or those which rise significantly over time, make it so expensive to extend your lease.

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