Offering: Property services in United Kingdom, Ilford

Freeholders sit around praying you let your lease drop to 80 years or less, as then they are able to charge a higher premium. This is because you will pay 50% of the flat's 'marriage value' on top of the the usual lease extension price. 'Marriage value' is the amount of extra value a lease extension would add to your property. - If your lease has 83 years left, it's time to really start looking seriously into lease extension - If you're a flat-hunter, alarm bells should ring if a lease is nearing or below 80 years - Don't just accept estate agents' promises of easy extensions

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