Bucklesham Lease Extensions: Q and A’s

  • So this is the scenario: I bought a ground floor flat in Bucklesham that I am now unable to sell due to the lease requiring a lease extension. Can you please help me with this situation ?
  • I need to extend my current lease can you assist? I think it has 72 years unexpired
  • I invested in buying a one bedroom first floor purpose built maisonette based in Bucklesham with a leasehold unexpired of 59 years. I am curious about what it will cost me to extend my leasehold
  • I'm thinking of purchasing a garden flat (leasehold) but the landlord has been missing for just under 15yrs. I wonder whether it will be cheaper to try to acquire the reversionary title or to extend lease and apply for RTM?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Bucklesham and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with The Royal Bank of Scotland to release of equity. The broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease started in 1981 and since then the ground rent has been raised from £25.00 per year to £125 per year.
  • I wondered if you could help me on how much it would financials and the best way to get a lease extension started? I have around 60 years outstanding and I own a garden flat in Bucklesham.
  • Offer accepted on a a garden flat in Bucklesham, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as 85 years.Contracts were due to be exchanged in a couple of days. My question is Should I tell the current owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • We would like to know the cost of a lease extension valuation for a property based in Bucklesham. Would you be able to help?
  • We know that others in the same block previously had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on previous prices . This would save on double valuation fees. Is this advisable?
  • I have 62 years remaining on my lease of a ground floor flat in Bucklesham, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
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    Lease Extensions in Bucklesham

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