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Jan 11

A good time to be a flat owner

Now is a good time to be a flat owner with a short lease – the value of your flat may have gone down over the past months/years but that means what you will have to pay to extend your lease by another 90 years, and get rid of the ground rent, will also have gone down as well. Most flat owners who have owned their flat for more than two years, have a right to buy a lease extension at a fair price laid down by law – and not however much your landlord wants to get for it.  Read the rest of this entry »