Lease Extensions in Loddon

Loddon Lease Extensions: Q and A’s

We agreed with the freeholder to a lease extension on our flat located in Loddon, 20.5k for an extension by 90yrs. How long will it take ?

My wife has an apartment in Loddon which we are about to put on the market. The leasehold has nearon 69 years remaining on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.

I am interested in getting a lease extension for a flat in Loddon and want to use a local . Is there a that you can recommend?

I am considering whether to purchase the freehold or a lease extension of my property in Loddon and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Lloyds TSB Bank to free up equity. My adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease began in 1972 and since then the ground rent has been raised from £15.00 per year to £200 per annum.

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

I am looking to buy a one bed flat in Loddon for asking price of 156k, which has seventy three years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

If a leaseholder owns a flat with a lease of under 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 doing it?

I note that your website states the anticipated fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my one bedroom apartment in Loddon

Just a quick question, how much does it cost for a lease extension on a residential property in Loddon for a three bed flat - section 42 is already in place?

I am currently negotiating a lease extension for my flat in Loddon 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 Loddon