Folkestone Lease Extensions

Questions and Answers: Folkestone Lease Extensions

I have shares in the freehold of buildings comprising of 8 flats each. Two of the leasehold owners want to extend their leases and I'm curious about the procedure for this

My wife has an apartment in Folkestone which we have just put on the market. The leasehold has around seventy seven years left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.

I own a leasehold flat in the Folkestone area and was enquiring whether I could obtain a lease extension. What are your processes and fees. Has 62 years unexpired

I am looking at investing in a holiday home but it has a lease that expires in fifteen years. Its in Folkestone - I wanted to see if with your services this could be extended?

I want to purchase a leasehold property and extend the lease. The homeowner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

I'm thinking of buying a one bedroom second floor purpose built flat (leasehold) but the freeholder has been missing for slightly less than 15yrs. My query is would it be cheaper to try to buy the freehold or to extend lease and apply for RTM?

Is it possible to talk with you about a flat in Folkestone, I am thinking of bidding at auction next month. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.

We would like to extend our lease having owned the property for two years as of 1st April 2016. It has approximately 66 years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as is reasonably achievable.

Coming up to two years that I have been in my studio flat in Folkestone. I have sixety years outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my 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 funding the lease extension - do they add it to their existing mortgage or pay it out in cash?

I'm hoping for some advice concerning extending the lease on my flat. The intention is to do this sometime next year 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 LVT route. Do 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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