The Estimated Premium Valuation ("EPV")
MyLeasehold now offers a quick and simple estimated valuation of a leasehold extension or freehold purchase.
Prices from £99 plus VAT. - Request an Estimated Premium Valuation Now
Leases are a wasting asset, which means that the value for a leasehold property is highly dependent on the length of the lease. MyLeasehold can help buyers or sellers by estimating a figure for the value of the lease extension in a quick professional valuation service.
A 24-hour turnaround valuation service for estate agents, buyers and sellers of UK leasehold property from £99 plus VAT.
In certain cases a single figure valuation and report is all that is required.
Click on the links below for more information on this new service from MyLeasehold.
- What we will do for you
- Why get an EPV?
- How much does it cost?
- Some background on leasehold issues
- How to get a valuation?
- Request an EPV now
What we will do for you
We guarantee to provide an estimated cost to extend your lease or buy your freehold within 24 hours of receipt of your details, inside normal working hours.
On request, MyLeasehold will undertake a Land Registry search to verify the actual lease terms and ground rents payable.*
*MyLeasehold cannot accept responsibility for the accuracy of Land Registry Records. Please refer to the EPV Terms & Conditions.
Why get an EPV?
- You are considering extending your lease or buying the freehold and would like an estimate of how much it will cost.
- You are a landlord and have been approached by your tenant for a lease extension or the purchase of the freehold.
- You are an estate agent advising the buyer or seller of leasehold property.
How much does it cost?
Our charges start from £99 plus VAT for our standard EPV service.
For properties with an extended lease value in excess of £500,000 the charge is £250 plus VAT.
Some background on leasehold issues
The implications of buying a property with a shorter lease are often neglected as part of the buying or selling process. Buyers and sellers all too often discover that there are extra costs or complications involved after they have already paid solicitors’, surveyors’ and mortgage fees.
Marriage value is equally divided between the Landlord and Tenant when leases have less than 80 years remaining, so without a working knowledge of the legislation the calculations are complicated to follow.
Lease terms should be clarified with a Land Registry search or a visual review of the lease to establish certainty. Home Information Packs (“HIPs”) contain a Land Registry search and should be inspected where available.
How to get a valuation?
The service is very simple to use.
Contact us either by using our online form, by email or by speaking direct to one of our advisors on 0800 048 27 44 .
In view of the professional nature of this service we are unable to offer the whole process online, as each report is verified by a chartered surveyor before delivery.
