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[sgclacy]

I am a little surprised at your comment, almost without exception a lease obligates the lessee to pay a notice fee, this function as we know is invariably discharged by the solicitor on completion of the purchase/remortgage

Some lenders on remortages simply send £20 - £40 with the notice...

[sgclacy]

I would assume that as you bought the flat with 104 years it probably started life out as a 125 year lease

IF I am right in that regard therefore the rent would be probably be no more than say £200 rising again in say another 14 years

therefore very very roughly I would guess...

[sgclacy]

The Rent Acts referred to in the old lease precluded a premium being charged for the assignment of a lease and of course that is why there was a restriction in the old lease.

However the current issue with ground rents exceeding £250 outside of London is that some, but not all lawyers,...

[sgclacy]

I am surprised that the freeholder would take less ie £10000 in return for £150 per annum linked to the RPI.

I would therefore take the second option - if £150 per annum linked to the RPI every 10 years is seen as a problem then the hysteria surrounding the subject of ground rent has...

[sgclacy]

Yes it does

[sgclacy]

Cannot help but think there is some animosity towards those who let their properties out. Seems bordering on provocative – ideally having everyone pay monthly eases cash flows for every party and you are more likely to gain trust and respect and enable you to deal with other issues more easily...

[sgclacy]

You can sell the flat to him with its short lease and sell in the freehold as advised early without section 5 as it appears you are a resident landlord of some years standing in a converted block

the buyer can then extend the lease once he has completed

A good solicitor we’ll...

[sgclacy]

Patently obvious .....I missed that one - not reading the question properly and of course the correct answer I suspect for the OP...

[sgclacy]

If you block is a conversion then as you live in the property and have done so for 12 months you can transfer the freehold to say a limited company you control to enable it to take a surrender and regrant of your lease

[sgclacy]

The 2 year time period you refer to is in respect of a lessee wanting to claim a statutory lease extension

how many flats are and I’d the freeholder and lessee in some way connected...

[sgclacy]

indeed- as a rule of thumb divide 73 by the interest rate and you will get the number of years it will take to double

so 10% takes around 7 years and at 7% it takes around 10...

[sgclacy]

In the past average earnings have exceeded inflation and if inflation runs at 3% per annum in 50 years time the rent may well be £1530 BUT that rent as a proportion of average earnings will be smaller than now

But I would be the first to concede that average earnings may not keep pace...