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I want to extend my lease, how much will it cost?

My lease has 66yrs remaining, I want to extend 10yrs, how much will it cost?

Asked on Mar 14 2012, Home Finance in Oldham | Report content

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  • It will largely be agreed between you and the freeholder. Be prepared to pay their legal costs as well as anything else.

    Answered on Mar 14 2012, Report content
  • A 66 year lease will affect marketability and value. Many prospective purchasers will regard even 85 years as short and will want to obtain costings for potential lease extension so that they can reflect this in their bid. If you are considering selling you should obtain specialist valuation advice and if you can afford it you should consider obtaining a lease extension before you place your flat on the market. Try using a free online lease extension calculator and then get advice from an experienced firm of leasehold extension surveyors. Use a firm who are Chartered Surveyors and members of ALEP (The Association of Leasehold Enfranchisement Practitioners).

    Web reference: http://capitalleasehold.co.uk/lease-extension-calculator/

    Answered on Dec 4 2014, Report content

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