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Leasehold enfranchisement is the legal process that allows qualifying leaseholders in the UK to buy the freehold of their building or extend their lease. The process involves confirming eligibility, obtaining a valuation, serving statutory notices, negotiating terms with the landlord, and, if necessary, applying to the First-tier Tribunal. Enfranchisement can help leaseholders gain greater control over their property, remove ground rent obligations, and protect long-term property value.

A lease extension increases the remaining term of a leasehold property, helping protect its value, improve mortgage options, and make it easier to sell. Costs depend on factors such as the lease length, property value, and ground rent, with premiums often increasing significantly once a lease falls below 80 years remaining.

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