Soldato
Further to my previous post I need some more advice perhaps based on any experience.
My flat is an ex council property which has just over 102 years lease left. The estate agent who valued my flat suggested I get a lease extension to maximise any potential buyers. Now, the broker who gave me advise on my next property purchase thought the lease didn't need an extension and neither did the property management officer at the council.
From any experience gained buying or selling a flat, is a 102 year old lease long enough for mortgage lenders?
Also, if an extension is the best course, how much for a chartered surveyor to value a property, lease extension cost and solicitor fees for doing the legwork?
My flat is an ex council property which has just over 102 years lease left. The estate agent who valued my flat suggested I get a lease extension to maximise any potential buyers. Now, the broker who gave me advise on my next property purchase thought the lease didn't need an extension and neither did the property management officer at the council.
From any experience gained buying or selling a flat, is a 102 year old lease long enough for mortgage lenders?
Also, if an extension is the best course, how much for a chartered surveyor to value a property, lease extension cost and solicitor fees for doing the legwork?