HMSA Property Services
Lease Extension Valuations in London
HMSA Property Services provides independent lease extension valuation advice for leaseholders and freeholders across London and the surrounding areas.
Lease extension premiums can be highly sensitive to the remaining lease term, ground rent provisions, property value and the assumptions adopted within the statutory valuation. We provide clear, evidence-based advice to help clients understand the likely premium and approach negotiations from an informed position.
We advise on statutory lease extensions under the Leasehold Reform, Housing and Urban Development Act 1993, together with informal lease extension proposals where appropriate. Valuations are prepared by Edward Ellis, an RICS-qualified surveyor and Registered Valuer with extensive residential valuation and leasehold experience.
Our advice is based on the legislation and valuation framework in force at the date of instruction and can include assessment of the likely premium, valuation assumptions, relevant market evidence and negotiation strategy.
Leaseholder Advice
We advise leaseholders at the outset of a lease extension claim and throughout the valuation and negotiation process.
Our advice can include:
Initial Valuation Advice: Assessment of the likely premium payable, taking account of the remaining lease term, ground rent provisions, property value and the valuation assumptions applicable at the date of advice.
Before Serving a Section 42 Notice: We can advise on an appropriate premium to support the statutory notice and help ensure that the figure adopted is properly considered from the outset.
Negotiation with the Freeholder’s Valuer: Following service of the notice and receipt of the freeholder’s response, we can negotiate the premium on your behalf and advise you on any offers received.
Informal Lease Extension Offers: If your freeholder has proposed an informal lease extension, we can review the valuation terms and advise on whether the proposed premium appears reasonable before you commit.
Short Leases: Where the remaining lease term is approaching or below 80 years, we can explain the valuation implications under the legislation and valuation framework in force at the time of instruction.
Freeholder Advice
We also act for freeholders responding to statutory lease extension claims and informal approaches from leaseholders.
Our advice can include:
Premium Assessment: Independent assessment of the premium payable, having regard to the lease terms, remaining lease length, ground rent provisions, property value and the valuation assumptions applicable at the date of advice.
Review of a Section 42 Notice: We can consider the premium proposed by the leaseholder and advise whether it is supported by the valuation evidence.
Negotiation: We can negotiate with the leaseholder’s surveyor on your behalf and advise on offers and counter-offers during the process.
Informal Lease Extensions: Where an informal extension is being considered, we can advise on the proposed premium and valuation terms before agreement is reached.
Professional Liaison: Where appropriate, we can liaise with your solicitor so that the valuation and legal aspects of the claim remain coordinated.
Clear, Practical Valuation Advice
Lease extension valuation can be technical, but the advice should still be clear and commercially useful.
Our reports explain the valuation basis, the key assumptions adopted, the likely premium range and the factors most likely to influence negotiation. Where appropriate, we also comment on the strength of the available market evidence and any areas where the parties’ valuation positions may differ.
We aim to give clients a clear understanding of:
the likely premium payable or receivable;
the principal valuation assumptions;
the evidence supporting the assessment;
the likely areas of negotiation; and
the practical next steps.
Where required, we can also liaise directly with your solicitor and the other party’s surveyor throughout the process.
Geographic Areas Covered
We undertake lease extension valuation work across London and the surrounding Home Counties, with particular experience in North West, North and West London.
Regular areas of instruction include Hampstead, West Hampstead, Golders Green, Finchley, Hendon, Mill Hill, St John’s Wood, Maida Vale, Kilburn and surrounding areas, together with selected instructions across Hertfordshire and wider London.
For properties outside these areas, please contact us with the property address and lease details and we can confirm whether we are able to assist.
Discuss a Lease Extension
If you would like advice on a lease extension valuation, please contact us with:
the property address;
the approximate remaining lease term;
the current ground rent and any review provisions;
whether you are the leaseholder or freeholder; and
whether a Section 42 Notice or other formal notice has already been served.
We can then confirm the scope of advice required, our fee and the next steps.
You can contact Edward directly by telephone or email,