Mr Hanson Posted May 18, 2006 Report Share Posted May 18, 2006 I have one rental property with 82 years left on the lease - I have asked the freeholder if it is possible to extend and he has offered 150 yrs for £2,875.00 Am I being paranoid in trying to extend the lease and if not is this offer a good one. I am on a fixed mtg rate and cannot come out of the mortgage until the lease hits 79 years 6 months - will I have problems selling with this period left on the lease Hoping someone can help me !!!!! Cheers Mr Hanson Link to comment Share on other sites More sharing options...
Melboy Posted May 19, 2006 Report Share Posted May 19, 2006 I have read about leasing problems before on another website, similar to what you are saying. The opinions were, as I remember, most people and Solicitors are looking for at least 99 years on a lease when re-selling leasehold property and for what you are paying for a 150 year lease it would be good value because my own Aunt was going to be charged £2000 to bring her lease up from 80years to 99 years. You may need to seek independent legal advice just to settle your own mind on the subject. Mel. Link to comment Share on other sites More sharing options...
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