Top Ten Questions relating to Cromer Lease Extensions

  • I’m thinking about a lease extension for our garden flat based in Cromer and we are confused by the letter that we received from our landlord company. What's your solicitors fee?
  • I’m about to offer on a 2 bed flat to buy in the Cromer area and was after more information on how much would it cost to extend a lease? It has seventy five years outstanding...
  • I would like some guidance on leasehold property buying. We hope to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Cromer area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • 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 extending the lease?
  • I'm seeking some assistance concerning a lease extension on my apartment. I'll be looking to do this next autumn as we need to 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. You are able to recommend a good property lawyers with expertise in lease extensions. Preferably nearby in Cromer?
  • My and my partner know that others in the same block had already had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?
  • I require an estimate to extend my aunt’s lease on a garden flat in Cromer. She already has a price from the freeholder for a lease extension but I am unclear whether it is too expensive.
  • I am currently negotiating a lease extension for my flat in Cromer as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We have a maisonette in Cromer with a lease of fivety four years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?
  • I'm looking for some advice with regard to a lease extension on my 2 bed flat in Cromer. I'll be looking to do this sometime next year as we need to move at some point 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
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    Lease Extensions in Cromer

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