Aldershot Lease Extensions: Q and A’s

  • I'm planning on buying a 2 bed flat (leasehold) but the landlord has been absent for slightly less than 15yrs. My question is would it be cheaper to try to purchase the freehold or to get a lease extension and apply for RTM?
  • I bought a garden flat in Aldershot. I am looking for a lease extension on the property. It is about eighty one years. I would just like to know what your charges are and how long the process takes.
  • I an interested in finding out more about purchasing a leasehold residence. We plan to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Aldershot area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • It says on your website the likely fee to extend a lease is £495. Is that the total cost including value added tax and the land registry fee? The premium has already been agreed with the freeholder for the lease extension for my two bedroom second floor purpose built maisonette in Aldershot
  • We are are hoping to complete on a three bedroom ground floor purpose built maisonette in Aldershot which has share of freehold and a leasehold. The lease was on the short side so the vendor commenced extending the lease. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do OS1 search on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we have to be patient until the lease extension has actually been registered before completing.?
  • We are worried about seeking a lease extension from an objectionable freeholder. Even though the legal procedures were adhered to under the 1993 Act, the landlord still attempted to charge ground rent of £200 increasing by 100% every twenty five years of the new lease. Can you assist?
  • I am currently in the process of refinancing my ground floor flat in Aldershot and the bank that I am looking to switch to requires at least 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around 61 years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • I have 55 years remaining on my lease of a ground floor flat in Aldershot, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I have a lease of 75 years remaining on my flat in Aldershot. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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