Updated October 2026 · Fraser Bond
Leasehold · Share of freehold
Lease extension with share of freehold
Agreeco-freeholders
Deedvariation or regrant
Costslegal fees
Sellinglong lease
In short: With a share of freehold, you and the other flat owners own the freehold together, usually through a company, so you can agree to extend everyone's lease, often to 999 years, at little or no premium. It's done by a deed of variation or a surrender and regrant, registered at the Land Registry, and needs your lender's consent. The main costs are legal fees. Buyers and lenders often still look at the lease length, so a short lease can delay a sale even with a share of freehold.
The process
1
Check the freeholdCompany articles or trust deed.
2
Agree with co-ownersVote or unanimous consent as required.
3
Instruct solicitorsFor the deed and Land Registry.
4
Get lender consentUsually required.
5
RegisterLand Registry updates the title.
Frequently asked questions
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Do I pay a premium?
Usually not, if all owners agree.
Why extend if I own the freehold?
Buyers and lenders still check lease length.
Selling a share of freehold flat?
Talk to our team or get a free valuation.
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