Sample questions relating to Leiston Lease Extensions

  • I am considering investing in a second home but it has a lease that expires in 14 years. Its in Leiston - I wanted to see if with your services this could be extended?
  • I own a maisonette in Leiston. The start date for the lease was in 1991 for 99 years. Now I am looking for a lease extension. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Leiston and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Clydesdale to release of equity. The adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease commenced in 1991 and since then the ground rent has been raised from £15.00 per year to £300 per annum.
  • In 2012 I purchased a leasehold apartment in Leiston. I have built a big extension and have not informed my freeholder. What are my options?
  • My mortgage provider is requesting several hundred pounds for their to agree a lease extension for my flat in Leiston... I am unable to find any mention of this in my mortgage literature... is this a usual charge?
  • Regarding a leasehold in Leiston. lower maisonette. 77 yrs unexpired. I have negotiated a lease extension price of £12,000 for 125yrs. Freeholder also insisted on Section 42 Notice which I think should not be required. Can you assist.
  • I own a share of the freehold. There are five apartments in the house. All the leaseholders are now looking for lease extensions. What are the timescales to grant a lease extension?
  • We are looking to extend our lease. We will have been in the place for 2 years as of 13th March 2015. It has approximately 60 years remaining currently. Hoping to get a lease extension by another 90 years as quickly and stress free as is reasonably achievable.
  • We currently own a maisonette in Leiston and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has fivety six years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Leiston 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?

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