Great Yarmouth Lease Extensions: Q and A’s

  • I have an interest in the freehold of buildings comprising of 8 flats each. Two of the leasehold owners want to extend their leases and I'm wondering about the the process
  • I'm deliberating over buying a studio flat (leasehold) but the landlord has been missing for approximately 15yrs. My query is would it be cheaper to try to buy the freehold or to get a lease extension and apply for RTM?
  • My mortgage lender requires several hundred pounds for their lawyers to approve the lease extension deed for my flat in Great Yarmouth... I can find no mention of this in my mortgage guide... is this a normal fee to pay?
  • My wife and I have a one bedroom flat in Great Yarmouth. There is eighty years to run on the lease and we want a lease extension. What will it likely cost to extend in this location by, say,35 years
  • My conveyancing practitioners (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?
  • We have owned a leasehold flat for about eighteen years. There are seventy five years unexpired lease on the lease. After a year of difficult negotiations through my lawyers and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would appreciate some independent thoughts.
  • I am in need of some help with a lease extension. I live in Dublin but the flat 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 less than 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?
  • Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Great Yarmouth for a one bed flat - section 42 is already in place?
  • We currently own a garden flat in Great Yarmouth and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 63 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
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    Lease Extensions in Great Yarmouth

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