Cost of extending lease on flat...

Cost of extending lease on flat...

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Discussion

Dav_s

Original Poster:

1,781 posts

194 months

Sunday 12th February 2017
quotequote all
Hello

Looking for some advice. I've seen a flat for sale that initially had a 99 year lease (starting from March 1987). It now has 69 years left, which I know is going to be an issue when it comes to getting a mortgage (worst case scenario, and if the price is right, I'll just have to buy it cash). Anyway, my question is this: does anyone have any experience of this scenario, and is there any way of approximating how much it should/will cost to extend the lease?

(It's market value is around £250,000)
.

Many thanks

Dav_s

Original Poster:

1,781 posts

194 months

Tuesday 14th February 2017
quotequote all
Thanks for the reply. Will go for the flat and report back if successful.