Independent RICS valuations for extending your lease
If you own a leasehold property, extending your lease is an important step in protecting its value and avoiding higher premiums in the future. To begin the formal lease extension process under the Leasehold Reform Act, you will need an independent valuation prepared by a qualified surveyor.
Nuven provides clear, well reasoned valuations that help leaseholders understand the premium they are likely to pay and support negotiations with the freeholder.
When you need a lease extension valuation
A valuation is required when:
- You are extending your lease through the formal statutory process
- You want to understand the premium before entering informal negotiations
- Your lease is approaching a critical threshold such as 80 years
- Your solicitor or freeholder requests an independent valuation
- You are preparing for tribunal or need expert guidance during negotiations
The valuation establishes the likely premium payable to extend the lease and improves your position when negotiating terms.
Why lease length matters
The value of a leasehold property decreases as the lease gets shorter. The most significant change happens when a lease falls below 80 years because something known as marriage value is added to the cost of extending the lease. This can significantly increase the premium.
A clear valuation from Nuven helps you understand your position early and avoid unnecessary cost.
What your valuation includes
Your Nuven lease extension valuation will contain:
- A full inspection of the property
- Assessed market value of the flat as it stands
- Assessed market value of the flat with a new extended lease
- Ground rent calculations
- Relativity and lease length analysis
- Comparable sales evidence from similar local leasehold properties
- A clear estimate of the premium you can expect to pay
- A signed and dated valuation suitable for negotiation and legal use
We can also provide an updated valuation if negotiations progress over a long period or if the freeholder requests further clarification.
Support for negotiation
Freeholders and leaseholders often negotiate the premium and terms. Our surveyors can provide guidance throughout this process including:
- Reviewing freeholder counter notices
- Helping you understand whether the freeholder’s figure is reasonable
- Providing updated premium ranges if market conditions change
- Offering expert insight based on local leasehold evidence
Where required, we can also support your solicitor in preparing information for tribunal.
Our process
1. Instruction
We confirm your current lease length, ground rent and the purpose of the valuation.
2. Inspection
A RICS surveyor visits the property to carry out a full inspection and collect necessary information.
3. Valuation report
You will receive your lease extension valuation within two working days of the inspection.
4. Ongoing support
We remain available throughout your lease extension journey, whether you are negotiating informally or following the statutory process.
Natasha Wigman
"I wish more survey companies were like this one. Fantastic service and by far the best surveyor experience I've had."
Why leaseholders choose Nuven
- Independent RICS qualified surveyors
- Clear and accurate premium calculations
- Strong knowledge of leasehold markets across London and the South
- Fast turnaround when deadlines are tight
- Support throughout negotiation and tribunal preparation
- Transparent pricing and a friendly, professional service
Book your lease extension valuation
If your lease length is getting shorter or you are preparing to begin the statutory process, our team can help you understand the premium and move forward with confidence. Contact us for a quote or to schedule your appointment.
Want to speak with us sooner? Contact us on WhatsApp for Business: 0333 009 6265