Top Ten Questions relating to Ipswich Lease Extensions

  • We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 928 years residual lease term 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 25 years without owning the property. Any information would be much appreciated.
  • Do you only undertake lease extensions in Ipswich? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a .
  • I invested in buying a one bedroom first floor purpose built maisonette located in Ipswich with a leasehold unexpired of fivety four years. I am enquiring about how much I will need to spend to extend my lease
  • I'm planning on purchasing a studio flat (leasehold) but the freeholder has been absent for nearly 15yrs. I wonder whether it will be less expensive to try to acquire the reversionary title or to extend lease and apply for RTM?
  • We are in a building of four flats in Ipswich and have been offered to buy the freehold for 5k 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 about to view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has seventy nine years remaining on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • My leasehold flat in Ipswich is up for sale and I have a hopefully firm offer. There is 82 years unexpired on the lease and I want to extend the lease. How much does it cost on average to extend in this location by, say,25 years
  • We are considering purchasing a garden flat in Ipswich which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?
  • My fiance and I are buying a three bed flat in Ipswich which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of dealing with a lease extension. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do a pre-completion search on the lease. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must wait until the lease extension has actually been registered before completing.?
  • I am the freeholder of a property in Ipswich where the leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what fee would I be likely to incur?

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