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I currently own a flat with an estimated value of £110,000.00.

 

Current ground rent is £27.00 per Yr.

 

The flat in question has a 71Yr 4mth lease to run (original lease was 99Yrs from November 1980) and reading in your previous replies that the shorter the lease the dearer the price, now would seem to be the time to act.

 

How does one go about it? I have searched the internet and seen many articles all claiming to be experts in the field, but how do you tell?

 

Would the solicitor that I used to purchase the flat be qualified to act in this type of matter or does it require a specialist?

 

If so where do I look and what sort of charges am I looking at?

 

Finally what would be a fair price for renewal?

 

Many Thanks in Anticipation.

 

OG

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You are looking at a cost of extension to 90 year lease with peppercorn rent of around £6800.

 

This should not require a "specialist", but they will need to be conversant with leasehold law and LVT.

7 years in retail customer service

 

Expertise in letting and rental law for 6 years

 

By trade - I'm an IT engineer working in the housing sector.

 

Please note that any posts made by myself are for information only and should not and must not be taken as correct or factual. If in doubt, consult with a solicitor or other person of equal legal standing.

 

Please click the star if I have helped!!

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