Downham Lease Extensions: Q and A’s

  • I bought a flat in Downham with a leasehold unexpired around fivety nine years and need to extend it. Please can you advise me of the next steps
  • I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. Two of the leaseholders want to extend their leases and I'm curious about the the process
  • I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has 56 years left
  • I need to negotiate a lease extension for a flat in Downham and want to use a local lawyers. Is there a lawyers that you can recommend?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Downham, and my lease will reach sixety nine years this April. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • Think I may have made an error, I am seeking a conveyancing practitioners in Downham who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can help me with?
  • Offer accepted on a a garden flat in Downham, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.We are about to exchange contracts in a couple of days. My query is Is it not odd that my lawyers failed to pick this up far earlier than just before exchange?
  • I am the freeholder of a Victorian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety seven years. What are my next steps?
  • Coming up to two years that I have been in my one bedroom apartment in Downham. I have 77 years outstanding on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
  • I am currently negotiating a lease extension for my flat in Downham 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?
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    Lease Extensions in Downham

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