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If the majority of the leaseholders want to buy the freehold, the freeholder can't refuse. If they don't want to sell then you might have to go to arbitration.
IMO there isn't much point extending the lease if you're going to buy the freehold in the future - running the lease past 90 years would only cause a very slight depreciation in the valuation of the property and you aren't looking to sell. -
Would extending it now significantly affect the cost of acquiring a share of the freehold in the not too distant future?
No, it'll decrease it slightly. Potentially by quite a lot, but only if you have a tenant-owned head-lessee so you can do the Nailrile double-stage enfranchisement.
Bainbridge
Brommers
@Brun
It was my understanding that (with some exceptions) if the majority of leaseholders wanted to buy the lease, the landlord has no option but to sell. Granted, they don't have to be reasonable which can increase the price or drag the process out.
My lease has 92 years remaining so I should be doing something about it sooner or later. Would extending it now significantly affect the cost of acquiring a share of the freehold in the not too distant future?