TOP TIPS FOR LEASEHOLDERS.
1. Avoid leasehold if you can - consumer champion Which? calculates that a lease with less than 80 years remaining can seriously affect both the value of a property and the amount it will cost to extend the lease. 2. Extending the lease is your legal right after two years. It can be a complex and costly affair, requiring specialist solicitors. 3. By law, you must be told your freeholder's name and address. 4. The governmentbacked Leasehold Advisory Service (LAS) provides free advice. 5. If you can't agree on a lease extension or freehold purchase price, you can appeal to a tribunal.
6. Which? Mortgage Advisers can help - phone 0080 316 4071.