Lease extension

[Robzon]

Hi
just a query
im in the middle of buying a flat with :
97 years left
£202000
groubd rent 200 - reviewed every 10 years I’ve RPI
bext review is 2032
as I don’t know how long I’m going to be in the flat for and I’m I’m aware of the 250 threshold as it’s out of London
I was thinking of getting an lease extension at year 94
does anyone have an estimate of how much that would cost?
thank you

It can vary wildly. We extended ours and only had to pay our legal fees and those of the management committee, so very inexpensive. Others I know elsewhere have had to pay 10s of thousands in various fees to extend. You would need to take advice. Have others in the block extended theirs? Could you ask them?

It varies a lot.
www.lease-advice.org/faq/how-can-i-extend-my-lease/