Recently asked questions relating to Cambridge Lease Extensions

  • My name´s Dexter. I’m property hunting in Cambridge I'm seeing a one bedroom apartment online, with roughly seventy three years outstanding, how much does it cost on average to get a lease extension by, say, 25 years?
  • I need to extend my existing lease can you help me with that? I think it has sixety seven years outstanding
  • I want to acquire a leasehold property and extend the lease. The owner has been there over two years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 798 years residual lease term so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any guidance would be much appreciated.
  • I am looking into the costs of carrying out a lease extension for my two bedroom first floor purpose built maisonette in Cambridge, and would like some figures on that.
  • I an interested in finding out more about leasehold property buying. 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 Cambridge 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?
  • Just been over 2 years that I have been in my 2 bed flat in Cambridge. I have sixety eight yrs left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Cambridge based or any will do fine?
  • Me and my fiance are buying a studio flat in Cambridge which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced dealing with a lease extension. 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 a "priority search" on the property title. The problem 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 must be patient until the new lease is registered?
  • I own the freehold of a couple of flats. Someone has the lease on the ground flat in Cambridge. I reside in the upper flat. I was reviewing the title deeds recently when I noticed that my flat is leasehold. There is fivety four years balance left. If I want a lease extension then would I simply be paying for the charges?
  • I'm seeking some help concerning a lease extension on my flat. I'll be looking to do this in nine months time as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
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