FAQs concerning Eastleigh Lease Extensions

  • I am considering investing in a second home but it has a lease that expires in eighteen years. Its in Eastleigh - I wanted to see if with your services this could be extended?
  • I have a lease of 69 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • My mortgage provider requires several hundred pounds for their solicitors for a "deed of substituted security" for the lease extension for my flat in Eastleigh... I can find no mention of this in my mortgage contract... is this a normal fee to pay?
  • Regarding a residence in Eastleigh. upper maisonette. 76 yrs unexpired. I have negotiated a lease extension price of £14k for 135yrs. Freeholder also requested Initial Notice which I think is a tad over the top. Advice required.
  • My partner and I have a residential flat in Eastleigh with sixety nine years to run. Last year we were quoted a deal to have a lease extension for a further thirty years but also uplift the ground rent from notional to £200 per annum..plus a premium I think of approximately 9k. We have now decided to proceed but do we now have to renegotiate?
  • I am planning to extend the lease on my ground floor flat in Eastleigh I am looking for a local company to calculate the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living at mum and dad but have a garden flat in Eastleigh let out which has a 54 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Eastleigh for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • I'm intent on buying an apartment in Eastleigh at a price of £210,000 the flat has something like 74 years left on the lease. My offer was conditional upon a lease extension... .. that was back in August, expecting I'd have completed by now. They have just come back saying that they are prepared to knock £5k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • I am currently in the process of refinancing my garden flat in Eastleigh and the next lender that I am looking to switch to requires a minimum 85 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around sixety four years on the leasehold so looking for some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • I am currently negotiating a lease extension for my flat in Eastleigh 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 Eastleigh

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