How long does extending a lease on a flat take and how much does it csot??

[Twinkie1]

The people who have put in a great offer to buy our haouse are selling a flat and they only have 75 years left on it. The guy buying it hasn't questioned it but the Estate Agent is under the impression that when the solicitors get involved it will become and issue - can this be done quickly and does anyone now how much it costs as this could be an issue fo the people who are buying from us not having the funds they think they have if they have to deal with the costs???

We really want to sell to these people as the only other offer we have is 8.5k lower and to keep the house we want we are going to have to swallow that 8.5k if this can't be sorted out - or maybe the solicitor wont see it as such an issue??

Any legal eagles out there who could advise I would be really greatful.

Anyone??

I know that when me bought our flat it had a lease of about 90 years and that was considered to be short. Sometimes if it's less than 80 there can be a problem getting a mortgage.

Oh bloody hell - that means we have to have that checked out as well - am fuming on one hand because we may have to accept such a crap offer for our house to secure the one we want - why on earth do people go and see houses that they plainly can't afford?? but on the other hand at least we have sold - just means we will be shopping at lidl and never going on holiday again!!

The guy who is buying the flet doesn't seem to have a problem with the lease and apparently there is a mortgage in place - I just hate waiting!!