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Leasehold and their effect on price.

I am an American buying in London and, therefore, not famliar with leasholds. How do they affect price? Can I or my heirs extend the leasehold? If so, at what cost? Can I use Zoopla to filter for freeholds or long leases? It seems to me this is a rather important issue to anyone but to find this detail requires reading the entire property description.

Asked on Jan 9 2013, General in London | Report content

Answers (1)

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  • To answer your questions: 1) In general, only when a lease becomes less than 80 years may significant reduce the house value. 2) yes, In the UK, he law guarantees that you can extend the lease. 3) the costs varies but should not be very high.The exact fee is usually negotiated by property surveyors.

    Answered on Jan 14 2013, Report content

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