Recently asked questions relating to Debenham Lease Extensions

  • I need to extend my current lease can you assist? I think it has 57 years unexpired
  • I'm planning to make an offer on a house in Debenham but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Halifax giving us the mortgage now?
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 899 years residual lease term so a lease extension is not required. 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 information would be much appreciated.
  • The terms for the lease on my flat in Debenham are 101 years from 12 Feb 1989. Please give me a quote for a lease extension if I give you more information please?
  • I am a freeholder of a block of flats in Debenham, and the leaseholders are in the process of being given lease extensions. I anticipate receiving the money within a month or so. As I am not on self assessment do I write to the tax authorities ?
  • We are considering purchasing a one bedroom apartment in Debenham 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 property evict me from my own flat and prevent me from having a lease extension?
  • I'm seeking some help with regard to extending the lease on my apartment. The plan is to do this in six months time as we have 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. Should 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?
  • I am currently in the process of refinancing my one bedroom apartment in Debenham and the mortgage company that I am looking to switch to requires at least 85 years remaining on the lease in order for them to progress matters. We currently have around sixety one years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Debenham 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 one bedroom apartment in Debenham with a lease of sixety one years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Debenham

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