Recently asked questions relating to Colsterworth Lease Extensions

  • I’m just looking for a one bedroom apartment to buy in the Colsterworth area and was enquiring how much would it cost to extend a lease? It has fivety eight years outstanding...
  • I am considering investing in a second home but it has a lease that expires in 14 years. Its in Colsterworth - I wanted to see if with your services this could be extended?
  • The terms for the lease on my flat in Colsterworth are 95 years from 10 Feb 1980. Please supply me me a quote for a lease extension if I give you more information please?
  • I am looking to either purchase the freehold or a lease extension of my property in Colsterworth and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously refinance with Platform Home Loans Ltd to free up equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease started in 1979 and since then the ground rent has increased from £38.00 per year to £100 per annum.
  • I will soon view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has sixety eight years left on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am a freeholder of a block of flats in Colsterworth, and the tenants are in the process of being given lease extensions. I anticipate receiving funds next month. As I am not on self assessment do I write to the Inland Revenue ?
  • My fiance and I are considering purchasing a one bedroom apartment in Colsterworth which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to purchase in Colsterworth. The house is freehold but the garden is officially leasehold, 1000 year lease from 1895. Its the garden area.
  • I am the registered freeholder to two flats. Someone has the lease on the garden flat in Colsterworth. I live in the upper flat. I was looking at the title deeds recently when I noticed that my flat has a lease on it. There is 59 years left on the lease. If I want to do a lease extension then would I simply be paying for the property lawyers costs?
  • I own the freehold reversion of a property in Colsterworth and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £8,000, but has upped this by £2,000 without too much effort. My surveyor has recommended a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?
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    Lease Extensions in Colsterworth

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