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The band will release new album Forth next month, ten years after their last LP Urban Hymns.
However, Ashcroft confirmed to 6 Music that they do not always see eye to eye.
"Obviously there's baggage and things that you've got to sift through," he said. "It's not some Mills & Boon scene running down the beach as the sun sets. But it is the case that these four people make a unique sound together."
Guitarist Nick McCabe concurred, stating that a reunion was worth the effort because of the music the band is capable of producing.
"We've had a lot of time to think about things, but hopefully we're older and wiser, and it just seemed to me that I put a huge chunk of my life into this and there is no way that I would turn my back on it if there was ever a chance of it working again," he explained.
> Click here for our review of The Verve's comeback single
