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Advice on lease extension situation please!
Comments
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What rubbish, you should be able to buy your home at point of sale, not be held to ransom by some unknown freeholder exploiting as much money as possible from you for as long as possible. Commonhold should be the status of all home owners otherwise you and your family down the generations are no more than renting tenants.
[FONT=Verdana, sans-serif]Leasehold flat owners have been able to force-ably remove the ground rent, extend the lease and collectively buy the freehold for the past 25 years so most owners will have bought their property knowing they could do that at a fair market price or less.[/FONT]
[FONT=Verdana, sans-serif]However, if you think this new legislation is going to give you a cheaper deal or freebie, which would effectively be a requisition of the freeholders property without adequate compensation, then by all means hang on.[/FONT]
[FONT=Verdana, sans-serif]Unless you lease is just over 80 years you are not risking that much.[/FONT]0
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