Well, we've hit a road block. The details for the lease extension have come through and the ground rent escalates dramatically every few years.
Solicitor says the vendor can go down the statutory (as apposed to voluntary) extension route but that takes months and might cost all the money.
He's going to put it forward to them that this is ridiculous and try and get an agreement dawn up so it can go through after we've exchanged but right now its looking like we're going to have to walk.
In the meantime, prices have gone up to the point where we can no longer afford pretty much anything.
Well, we've hit a road block. The details for the lease extension have come through and the ground rent escalates dramatically every few years.
Solicitor says the vendor can go down the statutory (as apposed to voluntary) extension route but that takes months and might cost all the money.
He's going to put it forward to them that this is ridiculous and try and get an agreement dawn up so it can go through after we've exchanged but right now its looking like we're going to have to walk.
In the meantime, prices have gone up to the point where we can no longer afford pretty much anything.