Framlingham Lease Extensions Example Support Desk Enquiries

  • Hi. I need someone to have a look at my lease extension ahead of it being completed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few small variations.
  • I intend to buy a one bed flat in Framlingham for asking price of 145k, which has sixety two years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I would like some help on leasehold property buying. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Framlingham area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 78 years. I need a at my end. Can you advise please? I live near Framlingham and have a mortgage with National Westminster Bank.
  • I'm living at parents but have a garden flat in Framlingham let out which has a seventy 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 Framlingham 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 do not need a lease extension but I do require a vesting order on a property I want to purchase in Framlingham. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the rear garden.
  • I'm intent on acquiring an apartment in Framlingham at a price of £195,000 the flat has approaching 77 years left on the lease. I put in an offer subject to a lease extension... .. that was back in November, expecting I'd have moved in before Christmas. The owner has just come back saying they are willing to knock £5k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • I am currently negotiating a lease extension for my flat in Framlingham 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?
  • I have a lease of seventy five years remaining on my flat in Framlingham. 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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