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?
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.
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?