I want to extend my lease back to 99 years (currently has 65 years remaining). Ground rent is £50 pa and maintenance is £300pa. I could argue the flat is worth about £110,000 in the current market.
Freeholder wants 10k for lease extension.
Anyone have an opinion on this. Personally i think its quite high, thought it should be in the region of about 5k. Any advice would be much appreciated.
Thanks
Freeholder wants 10k for lease extension.
Anyone have an opinion on this. Personally i think its quite high, thought it should be in the region of about 5k. Any advice would be much appreciated.
Thanks