FAQs concerning Costessey Lease Extensions

  • My wife has an apartment located in Costessey which we are about to put on the market. The leasehold has nearly 64 years unexpired on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • Is it possible to talk with you about a flat in Costessey, I am thinking of bidding at auction next month. The flat only has a few years outstanding and I am curious about what it would cost to get a lease extension and for your services.
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Costessey and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with Santander to free up equity. The adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease started in 1979 and since then the ground rent has increased from £25.00 per annum to £125 per year.
  • I would like to know how much it would financials and the best way to get a lease extension started? I have nearon 71 years outstanding and I own a ground floor flat in Costessey.
  • I am a freeholder of a block of flats in Costessey, and the leaseholders are in the process of being granted lease extensions. I should hopefully get the money next month. As I am not on self assessment do I contact HMRC ?
  • Me and my partner had entered into buying a three bed flat in Costessey. I was advised by the EA that the lease extension had already been completed while on a viewing (72 years left prior to extension). The sales particulars stated "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The owner apparently has a quote but no finances to extend as a result the flat owner wishes to exchange and use the my deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?
  • I an interested in finding out more about purchasing a leasehold residence. We intend 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 Costessey area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • I am hoping to extend the lease on my one bedroom apartment in Costessey I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • Me and my sister are hoping to buy a property (a ground floor flat located inCostessey with share of freehold). Throughout our search, we were always looking at apartments that had at least 83 years outstanding. We came across a flat we fell in love with and the selling agent assured that the lease term was not an issue. Today our told us the lease only has fivety four years and therefore requires a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I own the freehold of a couple of flats. Someone has the lease on the lower flat in Costessey. I reside in the top flat. I was looking at the land registry documents last night when I noticed that my flat has a lease on it. There is 78 years left on the lease. If I want to do a lease extension then would I just be paying for the costs?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Costessey