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Will say 90 years scare off first time buyers?
No but they'll be aware they have an expense / job to do coming up.
Or they might just make you do it before they complete.
If they are paying attention anyway.
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First time buyers won't be able to be fussy about leases. If you're in a block of flats it's much cheaper for everyone to renew at once. We only paid ~£600 to get a 999 year lease done.
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Below 90 is an issue so some buyers will factor in the cost - they will have to extend the lease before they sell.
If that’s in London you’ll be looking at more than £7k for a lease extension if my experience is anything to go by.
Howard
hippy
Bainbridge
@Hovis
All this talk about leases has got me worrying. Should I extend mine? 93 years left. I estimate it will cost around 7k all in. I might sell the flat in 2-3 years, I might keep it a lot longer. It will shortly be a BTL. Will say 90 years scare off first time buyers?