Common questions relating to Drybrook Lease Extensions

  • I acquired a maisonette in Drybrook that I am now unable to sell due to the lease needing a lease extension. Can you please help me with this situation ?
  • My name´s Blake. I’m flat hunting in Drybrook I'm thinking about offering on a studio flat online, with slightly more 57 years left, how much will it likely cost to get a lease extension by, say, thirty years?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 70 years residual lease term.
  • I am looking to purchase a one bedroom apartment in Drybrook with a lease of 69 years but unsure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I own a maisonnette together with the freehold title. My downstairs neighbours have asked to extend the lease what do I need to do?
  • I am looking to either purchase the freehold or a lease extension of my property in Drybrook and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Norwich and Peterborough Building Society to release of equity. My broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease started in 1981 and since then the ground rent has been raised from £15.00 per year to £125 per year.
  • How much will it cost me and what is the best way to start the lease extension process? I have roughly 78 years remaining on my lease on a maisonette in Drybrook. I have contacted the agent who represent the landlord and they sent me the number of the valuer. I left a phone message for the valuer but I am not receiving any kind of answer.
  • Coming up to 2 years that I have been in my garden flat in Drybrook. I have 57 years remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 320K, 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • We have a studio flat in Drybrook with a lease of 73 years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?
  • I have a lease of sixety two years remaining on my flat in Drybrook. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Drybrook

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