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Buy or renew my lease?

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83 views 1 replies latest reply: 10 July 2017
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Other

Hi,

I own a maisonette that is in a block of four. The term left on the lease is running out and is down to around 35 years. A) how do I go about finding out if the lease is just off two of the flats or all four. B) How do I go about buying the freehold and roughly how much would it be? C) Roughly would it be to extend the lease for 120 years?

I purchased the property in 2002 for 68,000. The current value is 120,000 and I pay £7.50 ground rent.

Thanks in advance for your help with this matter.

Regards,

Mark

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Tenant

Hello, 

Aren’t there any lease papers to give you further information ? For buying the freehold, you should contact the freehold owner and ask for information. 

I think the HM Land Registry can help you out work out who the owner of the land is. You can find it a link for it in our tenant resources – http://www.thetenantsvoice.co.uk/your_home/tenant-resources/

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