Histon Lease Extensions

Histon Lease Extensions: Q and A’s

My name´s Matthew. I’m house hunting in Histon I'm seeing a studio flat online, with circa 78 years unexpired lease, how much does it cost on average to get a lease extension by, say, fifty years?

I bought a property in Histon and it has about 79 years residual lease term. I'd like to extend the lease period

I am looking to extend the lease on my one bedroom apartment in Histon which will have sixety two years left in November. What fees are applicable?

We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 928 years residual lease term so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any information would be much appreciated.

We are in a block made up five flats in Histon and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

I am looking to either purchase the freehold or a lease extension of my property in Histon and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with National Westminster Bank to release of equity. My broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease commenced in 1979 and since then the ground rent has been raised from £15.00 per annum to £100 per year.

Me and my sister are considering purchasing a two bedroom first floor purpose built maisonette in Histon which is a leasehold. I am wondering what are the advantages and disadvantages of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?

We had entered into buying a one bed flat in Histon. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety one years outstanding prior to extension). The sales particulars stated "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The vendor apparently has a quote but no money to extend as a result the homeowner wishes to exchange and use the my deposit to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?

We have been in discussion with our freeholder after having a valuation on our garden flat in Histon. We have a 75 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure 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 our behalf.

My and my partner are worried about getting a lease extension from a difficult landlord. Notwithstanding that the legal procedures were adhered to under the 1993 Act, the landlord still attempted to get ground rent of £250 doubling every 25 years of the new term. Can you help?

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