Lease Extensions in Broadclyst

Top Ten Questions relating to Broadclyst Lease Extensions

I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has 60 years outstanding.

I own a one bedroom ground floor purpose built flat in Broadclyst with a leasehold unexpired of sixety nine years. I am curious about how much it will cost me to extend my lease term

I am thinking about whether to purchase the freehold or a lease extension of my property in Broadclyst and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Barnsley Building Society to free up equity. The adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease commenced in 1972 and since then the ground rent has increased from £38.00 per year to £200 per annum.

In 2012 I purchased a leasehold flat in Broadclyst. I have built a huge extension and have not informed the leaseholder. What should I do?

I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?

I'm living with my mum and dad but have a ground floor flat in Broadclyst let out which has a 54 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Broadclyst for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?

I do not need a lease extension but I do need a vesting order on a property I want to acquire in Broadclyst. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the garden area.

If somebody owns a flat with a lease of under 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?

We currently own a maisonette in Broadclyst and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has fivety five years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

I have fivety four years remaining on my lease of a ground floor flat in Broadclyst, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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