Reaching agreement on the lease extension premium is a significant milestone and triggers the final part of the process leading up to completion and registration. This typically follows the service of a section 42 notice, receipt of the landlords counter notice and negotiations of the price to be paid to extend the lease by 90 years and reduce the ground rent to a peppercorn. Although the valuation negotiations are behind you, there are still several important legal steps before your new...

On 29th April 2026, Housing and Planning Minister Matthew Pennycook delivered a keynote speech at the Institute for Government, offering a candid update on the Government’s progress toward leasehold reform. The speech was keenly watched for many looking for updates on when marriage value will be abolished, along with other promised changes the lease extension process and it is fair to say the speech has not gone down very well. You can watch the full video of the speech here, with the...

This guide explains typical London council lease extension costs, including landlord legal, valuation and admin fees for London Borough of Islington, London Borough of Hackney and London Borough of Southwark, based on 2025 cases. It focuses on landlord costs only under the Leasehold Reform, Housing and Urban Development Act 1993, excluding the premium and your own fees.