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Cost of extending lease

2 replies

leaseenquiry · 22/11/2021 13:17

Anne and Ben live in the same block of flats, on the same floor, two flats apart. Both flats have 68 years remaining on the lease.

The flats are more or less identical in layout except Anne's flat has a very small bay and window in the hallway and a window in the bathroom. Valuations for sale are identical.

A few months ago Ben was quoted £15,479 to extend the lease, negotiated down to £14,705. Anne has recently been quoted £16,900, knocked down to £16,000 after negotiation. Ben's ground rent will increase to £180 pa (from £85pa) and Anne's ground rent will increase to £200 pa. Both lease extensions are to add 90 years to the leases.

Anne has pointed out the discrepancy the the leaseholder but the leaseholder has been very vague in justifying the difference in cost, waffle about valuations and size of property.

Does anyone know if the leaseholder can do this?

Many thanks

OP posts:
hilsea · 22/11/2021 14:04

The Leasehold advisory service is your best bet - www.lease-advice.org/

leaseenquiry · 22/11/2021 14:18

Thanks @hilsea

OP posts:
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