leasehold house

sibod2002

hi

i currently own and have a mortgage on a leashold house that has 80 years left on the lease,i have been in the house for just over a year and am after some advice about buying/exending the lease when the 2 year period is up of me owning the house as i am worried i wont be able to sell if i dont extend or buy the lease

i have contacted the leashold advisory site and am waiting for a reply but im just after anyones advise who are in or have been in a similar situation from me..any info regarding costs etc or the best route to go down would be greatly appreciated.

thanks

alba7

I'm buying the freehold of my house at the moment. It has much less time left on the lease than yours, so it is a priority for me now!

I wrote to the freeholder asking for information about purchasing the freehold. i had to pay £50 for them to prepare a quote, but that amount is taken off the eventual purchase price. They got back to me a week later with the quote.

I've got a solicitor acting for me, but she doesn't think there will be any problems with it going through. So far, so good!

I did think about extending the lease, but it was going to cost more to do that than buying the freehold outright. Are you in the North of England? Apparently most leasehold houses seem to be there!

PM if there's anything else i can tell you to help.

Regards
alba7

Richard_Webster

If I had been acting for you when you bought I would have suggested you told the seller to go away and buy the freehold before you would proceed.