There were enough people put off by my leasehold flat even though I forked out to extend to 170+years (not SOF so only got to add 90 years to the existing terms). Some of the other flats on my terrace (3 houses split into 6 maisonnettes) had less that 40 years left as they never extended. No idea what they were going to do as they were both owned by elderly people. Another didn't extend when I did so when we were leaving, they started looking into it and it had just crept under 80 years. Last I heard it was going to cost them £20k+ where as mine for the exact same lease but a few years earlier was £6k.
There were enough people put off by my leasehold flat even though I forked out to extend to 170+years (not SOF so only got to add 90 years to the existing terms). Some of the other flats on my terrace (3 houses split into 6 maisonnettes) had less that 40 years left as they never extended. No idea what they were going to do as they were both owned by elderly people. Another didn't extend when I did so when we were leaving, they started looking into it and it had just crept under 80 years. Last I heard it was going to cost them £20k+ where as mine for the exact same lease but a few years earlier was £6k.