Leasehold vs Freehold Extension: Full Financial Comparison

A shortening lease quietly eats your property's value, and the fix isn't obvious. Give it your years remaining, value and ground rent, and this compares three routes on the money: statutory extension under the Reform Act, an informal deal with the freeholder, and collective enfranchisement. You see what each actually costs you.

I own a leasehold property with {YEARS_REMAINING} years remaining on the lease. The property's current market value is approximately {PROPERTY_VALUE} and the ground rent is {GROUND_RENT} per year. I have been a qualifying leaseholder for {YEARS_OWNED} years. Compare my three main options: (1) statutory lease extension under the Leasehold Reform Act, (2) informal negotiation with the freeholder, and (3) collective enfranchisement if applicable. For each option, model the likely premium cost using the Duff and Phelps or similar actuarial method, include professional fees (surveyor, solicitor, tribunal), timeline, and impact on mortgage eligibility and resale value. Identify the tipping point at which each option becomes financially preferable, and flag any changes introduced by the Leasehold and Freehold Reform Act 2024 that affect my calculation.