How much does it cost to extend a lease on the flat by 13 years in Harrow HA1?
Related articles:
- I have a flat to sell in Brighton and it has been estimated at 175K. However I have 77 years lease left? How much is my property worth ? How much will it cost me to extend the lease considering I want to sell ?? Any help I would appreciate it....
- How do you extend a flat lease? I,m interested in buying a flat which has a 45 yr lease . I would like a morgage over 25 yrs but have been told by friends it would...
- Can I extend a lease on a flat I own, if I own the freehold on another flat which covers the flat I live in?I? Can I extend a lease on a flat I own, if I own the freehold on another flat which covers the flat I live in? I am buying the...
- If you have a share in the freehold of a flat, then does it matter how many years are left on the lease? I’m considering buying a two bedroom flat in Acton, London that is in need of refurbishment for the asking price of £250,000 (seller won’t go lower), with a 1/8th...
- Should I buy a flat with just 80 years left on the lease? Is such a length of lease ok and will it give me any problems if I want to sell in the future? I have the cash to pay for...
July 4th, 2009 at 8:55 pm
If you have a mortgage, and the flat is leasehold, (ie you have to pay ground rent to the ultimate landlord) then extending the lease is a matter between you and the landlord, and will basically depend upon how much you agree - it;s a commercial decision - but as a flat with a longer lease will sell for more - they are usually at a premium - I would say anywhere from £5,000 upwards (sky is the limit) - you will need to get in contact with your landlord to discuss this. hope this helps!