Owning your own home

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ReekBlefs

Savage isn't it? But as long as I can get it extended for under £20k it actually means the flat comes in under budget.

The thing I'm worried about is that there's another flat for sale in the same block with the same 67 year lease period, which is a hell of a co-incidence and makes me worry that there's some blocker on extending it. But I've no idea if that's even a thing.

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mustardbeak in reply to @ReekBlefs

The other thing, which it is worth bearing in mind if it is the shared lease, despite only owning a % of the property, in terms of extending the lease it is based on the properties entire value not the portion you own.

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ReekBlefs in reply to @mustardbeak

That might be a bit sticky - it's an ex council block of flats so the entire value of the block would be in the millions. Worth keeping an eye on

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