Questions and Answers: Hopton Lease Extensions

  • So this is the scenario: I invested in buying a one bedroom apartment in Hopton that I am now unable to sell due to the lease requiring a lease extension. Are you willing to help me with this situation ?
  • Hi, I am looking somewhere around or in Hopton 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • Think I may have made a mistake, I am searching for a conveyancers in Hopton who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • My property lawyers (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?
  • Me and my partner have owned a leasehold flat for around twenty years. It now has seventy eight years outstanding on the lease. Following a year of difficult negotiations through my conveyancing practitioners and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would welcome some independent thoughts.
  • I'm living at mum and dad but have a maisonette in Hopton let out which has a sixety 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 Hopton 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 19k. Not sure sure whether to hold on or sell the flat?
  • My wife and I have been in discussion with our freeholder after having a valuation on our studio flat in Hopton. We have a sixety year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she 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 solicitors to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I'm intent on purchasing an apartment in Hopton at a price of £210,000 the flat has just under 74 years remaining on the lease. My offer was subject to a lease extension... .. that was back in August, hoping I'd have completed before Christmas. The owner has just informed me they'll reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • I am currently negotiating a lease extension for my flat in Hopton 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?
  • We have a garden flat in Hopton with a lease of fivety six years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?
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    Lease Extensions in Hopton

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