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cost of extending a lease

Hello, I am looking at the purchase of a flat in london.
its on the market for £160k with 63 yrs remaining on
the lease. I intend to refurb it and sell straight on.

can anyone suggest the likely cost to extend the
lease to 125 years?
"enough is a feast"...old Buddist proverb

Comments

  • it varies with each individual block of flats. Best thing is to ask neighbours in same block if they have applied. there is always a LVT (leasehold valuation tribunal) which can set a rate if you disagree with what the freeholders quote you.
    Anything I write is based on my opinion only. Before acting upon any advice from anyone on a forum further professional advice should be sought.
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