Top Ten Questions relating to Ipswich Lease Extensions

  • My name´s Riley. I’m property hunting in Ipswich I'm considering offering on a one bedroom apartment online, with slightly less sixety six years left, how much will it likely cost to extend in this location by, say, thirty years?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 55 years residual lease term.
  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 928 years remaining so a lease extension is not a concern. 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 true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any suggestions would be much appreciated.
  • I am looking into the costs of carrying out a lease extension for my studio flat in Ipswich, and would like some figures on that.
  • I am looking at buying an auction property and found a studio flat in Ipswich. It only has a 41 year lease..the vendor as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this other than the huge fee to put a new lease on it and decreased chance of getting a mortgage with Skipton Building Society?
  • My fiance and I would like to know the cost of a lease extension valuation for a property based in Ipswich. Is this something you can help us with?
  • I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Ipswich. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • If somebody 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 is the premium payable for a lease extension on a residential property in Ipswich for a two bed flat - sec 42 having been issued?
  • I am the freeholder of a property in Ipswich where the leaseholder would like a lease extension. Her valuer has given a figure of £9,000, but has increased this to £10,000 at the drop of a hat. My valuer has suggested a much higher figure. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?

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