How much to extend lease on 3 bedroomed house?

[strude]

I would be very interested in any information as to roughly how much it would cost to extend the lease on my property. I think I have about 55yrs left on the lease and the property is valued at approximately £130,000. Am I right in believing that you HAVE to appoint a solicitor to do the necessary work and that the amount of ground rent will increase if you extend the lease?

[buildersmate]

You'd be best talking to this organisation. It is free and funded by the Government (it's a non-departmental public body - which basically means it is dependent of any central Government department).
http://www.lease-advice.org/default2.asp
They seem to indicate they can offer advice to these sorts of questions by phone or email, but yes the GR goes up when you extend the lease.
There's a approximate calculator for cost increase in GR if you put your current parameters in - you'll have to estimate the no. of years outstanding as 60yrs as it doesn't work for less than that.

[buildersmate]

independent, not dependent

[cassa333]

Although I don't know the answer to your question I thought I would interject with my miniscule piece of knowledge on leases.

I was always under the impression that any property with less than 70 yrs left on a lease was very difficult if not nigh on impossible to sell and the advice was always to get an extencion before it went on the market.