I'm being charged £42,000 to extend my lease Archived Message Posted by Mary on January 8, 2020, 12:34 pm 'I'm being charged £42,000 to extend my lease 8 January 2020 When Des Kinsella bought a leasehold flat (in Ilford) he expected a bill of up to £20,000 to extend the agreement. Instead, the ultimate owner of his property is asking for £42,000. Almost a third of that is for something called marriage value. It's something Mr Kinsella and other leaseholders want abolished. "I don't agree with marriage value at all," he says. "It's there to make the valuation higher for the freeholder." When a homebuyer purchases a leasehold property, they do not possess it outright. Instead they gain the right to occupy it for a set number of years. On first sale, this might be for 99 years, or more commonly today, 125.' /.. https://www.bbc.co.uk/news/business-51026374 Just another racket in the world of UK property. Mr Kinsella's freeholder is Fable Estates (in Mill Hill). Well named! They are: https://beta.companieshouse.gov.uk/company/03247744/officers Message Thread: I'm being charged £42,000 to extend my lease - Mary January 8, 2020, 12:34 pm Moon over Ilford .. - Shyaku January 8, 2020, 6:29 pm Leaseholds are a Rentier con. - Ken Waldron January 8, 2020, 6:51 pm   Searching