You are reading a single comment by @Bainbridge and its replies.
Click here to read the full conversation.
-
That’s a similar amount to the cost of us buying our freehold through collective enfranchisement- is that an option for you?
Bainbridge-
Have tried weighing up the pros and cons of that before. I'm not convinced the benefits are worth the hassle, particularly since the owner of the ground floor flat (it's only the two) doesn't live there and I don't want to be responsible for running everything.
Other than this lease extension thing (which is a one-off) there's no significant costs associated with the freehold. No service charges etc., just the relatively insignificant ground rent.
Brun
Most are 8-12k so the quote is close to the maximum, albeit on the wrong side.
Attempting to negotiate is obviously gonna cost me, so I have to try and find out if the potential saving will be worth it.