Millennium Quay

You are entitled to a statutory lease extension if you have owned your property for at least two years and you are the owner of a long lease (originally granted for at least 21 years).

There are several benefits of extending your lease:

  • Add an extra 90 years to your lease
  • Increase the value of your flat
  • No longer pay ground rent

It’s important to extend the lease before it runs below 80 years, otherwise ‘marriage value’ will significantly increase the cost of your lease extension.

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