I am in the process to attempting to get and 999year extended leasehold on a flat, which is at present jointly owned by myself, brother and sister. Its present lease runs out in 44years time.

We have been advised that the cost of doing so is a fair amount more than we expected.

We have been told that the figures arrived at, is based on a Multiple or Conversion ratio times the value of property and length of lease left to run.

If any has experience of the above process and could give me the ratio, or from their experience the probable valuation factor for a property of approximately 150,000 I would be grateful.

Thank you.

Barney, Thank you for your help. We are thinking along the lines you suggest.

Best wishes.

Fred