Thanks very much.

Thanks. Just one thing though, is that to extend it to 90 years or extend it a further 90 years (90 + 63)? I guess the freeholder is in a good position as he knows i can't apply for a renewal until 2 years down the line.

As far as i know the ground rent will remain to be £25 per year.

Thanks for the help. Not sure whether you can give a rough answer to this; What would have the price been to renew the lease had it fallen within the 80 year threshold (as i said a rough guide would be great) based on a value of £150,000 and ground rent of £25 per year. And if possible what would the procedure be to calculate the renewal price with 80+ years lease remaining?

Hi, Im in the process of purchasing a leasehold flat for £125,000. The lease currently has 63 years remaining and the landlord is asking for £17,000 to renew the lease. My bank has said that 63 years isn't a problem regarding getting my mortgage however i realise that when i come to sell the property in 5-10 years time it may be a problem for the person buying the propery. I was just wondering whether anybody could answer the following qustions: 1. Is £17,000 a reasonable amount? 2. Is the £17,000 a fixed non-negoitable fee or is it similar to commercial rents where the tennant and landlord try to reach an agreement and if they can't it is settled in court? 3. Would the price to renew the lease go up every year i let the lease run down? For example if i decided to renew the lease in 3 years would the fee be greater than if i did it now. 4. And finally could somebody explain the '80 year marriage value threshold'? Thanks