Lease length of 50 years - Leasehold is it worth to buy

[Metaphor]

Why is my son considering purchasing a maisonette that he likes, which has a lease length of 50 years and an annual service charge of £400? It fits our budget, but we're worried about whether it's wise to invest in a leasehold property with only 50 years remaining on the lease. Is it possible to extend the leasehold? I would appreciate your advice the pro and cons. Thanks

Bargepole

How much is the asking price ?

If you buy leasehold, you need to understand what you're buying. There will be a charge for extending the lease to the point where its properly mortgageable. But it may be worth it if the price is right.