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How much will the value of my flat increase by extending the lease?

Current lease - 75 years, extension 50 years

Asked on Jun 5 2011, House Prices in Southend-on-Sea | Report content

Answers (3)

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  • Not sure exactly, but it would be very difficult for anyone to get a mortage on a leasehold property that has less than 75 years on the lease.

    Answered on Jun 6 2011, Report content
  • The landlord is entitled to half the marriage value so if you are quoted a premium of say £5000 then your flat may increase in value by about £10,000. A 125 year lease would not command any additional value to the flat than would a return to 99 years but the premium would be cheaper for 99 years.

    Answered on Mar 4 2013, Report content
  • Get professional advice and watch out that you do not get landed with a high ground rent as part of the cost of lease extension.

    Web reference:

    Answered on Aug 5 2014, Report content

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