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What is the cost of extending a lease of 72 years?

What is the cost of extending a Lease with only 72 years and does this vary depending on location?

Asked on Apr 7 2011, General in Worthing | Report content

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  • It depends solely on the freeholders discretion, you’d need confirmation from them directly.

    Answered on Apr 11 2011, Report content
  • There is a legal limit that the freeholder can charge. This can be valued as from the ground rent payable. BE AWARE that many solicitors can misadvise and make assumptions, as a rule of thumb you are likely to be looking at circa £7-10000, but I have renewed for as little as £700 in Worthing. The real question for you is why do you need to renew?

    Answered on Jun 6 2011, Report content

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