If you own a leasehold property and want to extend the lease, a professional valuation helps establish the premium that may be payable to the freeholder and gives you a reasoned basis for the offer you make.
If you are a freeholder responding to an extension request, the valuation is just as important. It helps you assess whether the offer properly reflects the property and approach negotiations from an informed position.
The report gives both sides a professional valuation basis for the next stage of the lease extension process.
Previously known as the Homebuyer Report, the Level 2 Survey is best suited to conventional properties built using standard materials and construction methods that appear to be in reasonable condition.
The aim is simple: to give you a clearer understanding of what you're buying and highlight issues you should be aware of before moving forward.
Put a professional figure behind the negotiation.
Lease extension negotiations can involve significant sums, so relying on an informal estimate can leave you without a strong basis for your position.
A professional valuation gives leaseholders a reasoned basis for an offer and gives freeholders an informed basis for assessing one.
You receive a clear report that can support the next stage of the process and help you approach negotiations with greater confidence.
The important parts, clearly set out.
Leaseholders preparing an extension
Freeholders responding to a request
Parties entering premium negotiations
Turn uncertainty
into a clear next step.
Share the property details and let us know whether you are the leaseholder or freeholder.
DPG gathers the relevant information and coordinates the appointment where required.
The surveyor considers the property and the information relevant to the lease extension premium.
You receive a professional valuation to support your offer, response or negotiations.
We offer a wide range of surveying services
To help you with your process, we have provided answers to some frequently asked questions. If you have any further questions, feel free to contact our friendly team.
It can be used by leaseholders preparing to extend a lease and by freeholders who have received an extension request.
It can be used by leaseholders preparing to extend a lease and by freeholders who have received an extension request.
Yes. The service can support the valuation element of the statutory lease extension process, including Section 42 notices.
Yes. DPG can provide valuation advice for either side of the lease extension process.
The typical turnaround is around 3–5 working days.
Yes. You can speak with DPG about the valuation and the figures set out in the report.
Wanstead Works
34-40 High Street, Wanstead, E11 2RJ
0208 087 1969
office@dpgsurveyors.co.uk
