Questions and Answers: Kemp Town Lease Extensions

  • We agreed with the head landlord for a lease extension on our flat based in Kemp Town, 13.5k for an extension by 90yrs. What's your legal fee ?
  • I’m about to offer on a garden flat to purchase in the Kemp Town area and was wondering how much would it cost to extend a lease? It has fivety eight years unexpired...
  • I'm planning to make an offer on a house in Kemp Town but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Accord Mortgages Ltd giving us the mortgage now?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 54 years balance left.
  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 899 years unexpired so a lease extension is not required. 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 twenty years without owning the property. Any guidance would be much appreciated.
  • I invested in buying a one bedroom first floor purpose built flat in Kemp Town. I am looking to extend lease on the property. It is nearon 80 years. I would just like to know what your charges are and how long it would take for completion.
  • My partner and I have owned a leasehold flat for around fifteen years. There are 60 years outstanding on the lease. After a year of difficult negotiations through my 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 welcome some independent thoughts.
  • 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?
  • My brother and I have been in discussion with our freeholder after having a valuation on our three bed flat in Kemp Town. We have a seventy year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount 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 the lease extension.
  • I am currently in the process of refinancing my studio flat in Kemp Town and the new lender that I am looking to move to needs at least 80 years on the leasehold of my property in order for them to progress matters. We currently have around 78 years on the leasehold so looking for some advice, guidance, and some quotes to get the wheels in motion for a lease extension

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