Is it risky to buy a flat with a 51 year-old lease and will it be costly to extend it?

1 week ago 3

My partner and I are considering buying a flat with 51 years left on the lease. The estate agent says it will cost £250k to extend. What should I do?

Source: https://www.dailymail.co.uk/money/mortgageshome/article-15166459/Is-risky-buy-flat-51-year-old-lease-costly-extend-it.html?ns_mchannel=rss&ito=1490&ns_campaign=1490

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