Frequently asked questions relating to Great Coates Lease Extensions

  • I purchased a flat in Great Coates with a leasehold unexpired just over sixety eight years and need to extend it. Please can you advise me of the next steps
  • I need to negotiate a lease extension for a flat in Great Coates and want to use a local . Is there a that you can recommend?
  • We have owned a leasehold flat for approximately twenty years. There are fivety six years unexpired lease on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would welcome some independent thoughts.
  • I note that your website states the likely fee for dealing with a lease extension is £495. Is that the total cost excluding vat and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my three bed flat in Great Coates
  • I own the freehold of a three bedroom flat in Great Coates. The leaseholders have 66 years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • Me and my partner are in the throws of buying a home (a ground floor flat located inGreat Coates with share of freehold). Throughout our search, we were always looking at flats that had at least ninety years left. We identified a place we liked and the estate agent assured that the lease was long albeit not specifying a number. This morning our told us the lease only has seventy six years and therefore needs a lease extension. Do we run away, or should we negotiate our offer?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the lower flat in Great Coates. I occupy in the top flat. I was reviewing the title deeds yesterday when I noticed that my flat has a lease on it. There is 55 years outstanding. Is it possible to carry out a lease extension without instructing a ?
  • I am planning on remortgaging my one bedroom apartment in Great Coates and the mortgage company that I am looking to move to needs at least 85 years remaining on the lease in order for them to progress matters. We currently have around 70 years on the leasehold so looking for some help, guidance, and some quotes to get the wheels in motion for a lease extension
  • I am currently negotiating a lease extension for my flat in Great Coates 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'm looking for some advice with regard to a lease extension on my maisonette in Great Coates. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Great Coates