How accurate are the leasehold calculators and formulas?

  • Filter
  • Time
  • Show
Clear All
new posts

    How accurate are the leasehold calculators and formulas?

    Hi Everyone, I have a few questions... if anyone can provide me with any clarity it would be GREATLY appreciated.

    I am looking at purchasing a property for 540k with 64 years left on the lease. I have used the calculators online but depending on which one I use and what variables they ask for (some ask for yield etc) I get different answers.

    I'd like to know

    1. if I use the lease-advisory calculator. How accurate is it generally? like can it swing by 10%? 50%? 1005?

    2. Is the cost of purchasing the freehold generally the same as the cost of extending a lease? intuitively it seems that freehold would cost more, but Ive read some articles (not on this site) that suggest that they should be similar.

    3. How are the other components of the lease valuation formula determined? i.e. yield, % of marriage value etc?

    4. Is there a website/database that has all the details of lease extensions and what they actually cost? or is it simply the solicitor which records this?

    Many thanks, a lot of questions I know but any help would be greatly appreciated!

    In an obvious statement they are a good guide. You can only assess whether your lease and input information are accurate by having them assessed bay a qualified valuer.

    That may say yes spot on, but might show a more accurate figure.

    What you are asking for is the product of considerable years training and experience.

    You can look at the lease advice decisions and learn from there. Bearing in mind leasehold houses and flats are dealt with under separate legislation.

    I suggest you spend the few £000s and have it valued accurately.
    Based on the information posted, I offer my thoughts.Any action you then take is your liability. While commending individual effort, there is no substitute for a thorough review of documents and facts by paid for professional advisers.


      You can search the record of recent LVT judgements on cost of lease extensions at

      You should get a valuation by a chartered surveyor specialising on lease extensions before you decide to buy.

      You should be aware that a lessee is required to wait for 2 years before he/she can qualify for statutory lease extension. But a search on this forum will show past recommendations are to arrange for the exiting property seller to serve the notice of extension to avoid the 2 year waiting time.


      Latest Activity


      • Reply to Recurrent leaks from flat upstairs
        by JK0
        Do you have insurance for the contents? Maybe there is loss of rent cover included there.
        18-05-2022, 06:11 AM
      • Recurrent leaks from flat upstairs
        by Ldawg
        The flat I rent out has suffered from recurrent leaks from upstairs since I purchased it, 4 leaks in 4 years. It's caused me to lose one tenant already. I feel like there is no incentive for the owner upstairs to sort the problem (check the plumbing etc) as the cost is always covered by insurance and...
        24-01-2022, 19:48 PM
      • Reply to RTM director service charge arrears
        by fos333
        This is the important question, what are the reasons for non payment?

        Have demands been correctly served including the correct summaries of rights and obligations?

        Are the landlord obligations under the lease being carried out?

        Have service charge end of year accounts...
        17-05-2022, 21:48 PM
      • RTM director service charge arrears
        by ARG
        Hello, I am new here so please excuse me if this question has already been asked, but a search has drawn a blank.

        I am a director of an RTM of a property with 25 flats. I would be very grateful if anyone here can advise whether a resident who is more than six months in arrears with his...
        17-05-2022, 15:38 PM
      • Reply to Neighbour Dispute over Bins
        by vmart
        Is there a restrictive covenant in the title of the commercial-property owner (CPO) giving you and the other lessee a right of way over the land?

        Is the CPO a freeholder or leaseholder of the land?

        With regard to the point related to '20 years' you are referring to adverse...
        17-05-2022, 21:06 PM
      • Neighbour Dispute over Bins
        by Tony-Edwards

        I could do with some guidance if anyone has any knowledge on this.

        I have a 100 year old flat that was split from a larger building in 2000 and has a 999 year lease, it is next door to a commercial premises.

        The only way to get to my flat is across their...
        17-05-2022, 14:40 PM
      • Reply to RTM director service charge arrears
        by vmart
        The RTM can make a money claim online but as this enquiry concerns service charges the lessee will have the right to have the service charges determined unless already agreed. Depending upon the lessee's response to the claim, the County Court may refer the claim to the FTT.

        What are the...
        17-05-2022, 20:54 PM
      • Reply to Recurrent leaks from flat upstairs
        by Ldawg
        Thanks for your response.

        All costs are being covered by the management company. So currently I'm not actually losing out so I'm not really sure what I'm claiming for! More just the stress of it all. And the potential loss of earning and making unrentable/saleable as you say. Yes the floor...
        17-05-2022, 20:22 PM
      • Reply to Lease Extension - Relativity
        by comm1985
        I for one would appreciate a more stable approach in deriving the premium...

        In this instance what would

        1. The sensible premium be?

        A)£32000 (based on the value the actual short lease was just sold for i.e Relativity 65%)
        B)£20,000 (based on graph...
        17-05-2022, 20:19 PM
      • Lease Extension - Relativity
        by comm1985
        Hoping to get some clarification,

        If a flat (Outside Greater London) with 60 years left is sold for £110,000 and comparable properties with longer leases attain £160,000

        What is the relativity in this case?

        Would it be £110000 less 5.5% (to estimate for no act...
        17-05-2022, 15:12 PM