Calculate the cost of a lease extension

LEASEHOLD VALUATION CALCULATOR Calculate the cost of a lease extension CAN I EXTEND MY LEASE Under the 1993 Leasehold Reform Act, almost all flat-owners are legally allowed to extend their lease for an additional 90 years. In order to be legally entitled to an extension, you must have owned the flat for at least two years. SHOULD I EXTEND MY LEASE If you have less than 80 years left, the value added to the flat by extending the lease could be much more than just the cost of extending it. There's no urgency for those who have 90 years or more. However, you should start thinking about extending your lease, once your lease reaches 83 years. INFORMATION REQUIRED WHILE CALCULATING THE LEASE EXTENSION COST • The lease length remaining • Ground rent payable and when it changes Value of your property HOW MUCH WILL IT COST TO EXTEND MY LEASE? The price depends upon several factors, including the value of the flat, the length of the lease and the ground rent. It also depends on the negotiation. It should be kept in mind that leasehold legislation is hideously complicated so that costs can vary massively. Vleasehold Valuations Read more at leaseholdvaluations.com Call 01753 542984 for a Free 10 Minute Consultation