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NickCJ
@mustardbeak
We sold a flat with a 76 year lease,less than a month ago, it wiped 20k off the value for us. £330,000 down from £350,000 (Valued by surveyor not an estate agent, as it was shared ownership). the real cost of extending at it's current length was approx £15k (and that included us paying all the housing associations fees too) but we decided to sell as is, being shared we wouldn't get the full value of the increase in cost only a share of it.
Lenders will lend on a property with a lease under 80 years, most if the lease is at least 70 years, some if it is more than 60 years. That would need to be reflected in the valuation however.