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lease extension
zaprok
Posts: 14 Forumite
Hi,I was wondering if anyone knows.....if you buy a flat with a 100 year lease left is it possible to extend this to 999 years and if so how much does it cost?
Best wishes,Zaprok.
Best wishes,Zaprok.
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Comments
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You can buy your share of freehold along with the other leaseholders in the block and then extend your lease to 999 years.
Otherwise, legally you are only entitled to extend your existing lease by 90 years after you have owned for 2 years.
If you have 100 years and you're planning to sell within the next 15-20 I wouldn't bother extending the lease at all.
You can obtain an independent valuation for how much your share of the freehold would cost.Everything that is supposed to be in heaven is already here on earth.
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