Top Ten Questions relating to Great Yarmouth Lease Extensions

  • I am looking for a lease extension on the lease on my garden flat in Great Yarmouth which will have 68 years remaining in September. What fees are applicable?
  • I am a FTB of a leasehold flat in Great Yarmouth. The lease has just 73 years remaining and ground rent is £75. Is it possible for the vendor to serve the Initial Notice and then assign this right to me as the buyer on the day of completion so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the vendor? To add to the complexity it’s the case of an missing landlord, so I am not sure how does it work.
  • My partner and I have a residential flat in Great Yarmouth with seventy five years left. Ten months ago we were quoted a deal to grant a lease extension for a further fifty years but also uplift the ground rent from nominal to £300 per year..plus a premium I think of approximately 14k. We have now decided to move forward but do we now have to renegotiate?
  • I own a share of the freehold. There are five apartments in the house. All the leaseholders are now seeking lease extensions. What's your legal fee?
  • I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Great Yarmouth. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • My fiance and I have been in discussion with our freeholder after having a valuation on our garden flat in Great Yarmouth. We have a seventy nine year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I own the freehold of a three bedroom flat in Great Yarmouth. The leaseholders have seventy years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
  • I have fivety seven years remaining on my lease of a ground floor flat in Great Yarmouth, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I'm looking for some advice with regard to a lease extension on my studio flat in Great Yarmouth. 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?

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