UK Property Law
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Let me see if I can help for you. The difficulty you may have is either locating the freeholder and then agreeing with the freeholder a cost (without the need of going to a tribunal) for the lease extension and also his costs. The costs could be very high and as such you would not have got the best bargain on the purchase. You could lose money basically or pay too much for this property. Therein it could prove very difficult to sell the property for the sum you paid for it. I would be very happy to discuss further, but please remember to rate positive
Thats a specific question for the surveyor - taking into account this property, the market, the value and the fact that the lease has been reduced by two years. There are specific calculations which they take into account. The key in part is to get some agreement (if you can) from the freeholder in writing that a figure can be agreed with him now. Happy to discuss. Please rate positive
I hope that this helps. Please rate positive.