Common questions relating to Longthorpe Lease Extensions

  • 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 798 years left 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 the house being ours. Any help would be much appreciated.
  • I am a landlord of a block of flats in Longthorpe, and the lessees are in the process of being issued lease extensions. I anticipate receiving funds within a month or so. Are there any tax implications, the property is in joint names with my wife ?
  • Regarding a residence in Longthorpe. GFF maisonette. sixety three yrs remaining. I have an agreed lease extension to £20k for 115yrs. Landlord also requested Initial Notice which I think should not be necessary. Can you assist.
  • My husband and I have a leasehold flat in Longthorpe with sixety nine years remaining. Last year we were quoted a deal to have a lease extension for another thirty years but also increase ground rent from notional to a little more..plus a premium I think of about 14k. We have now decided to go ahead but do we now have to renegotiate?
  • I am looking for advice as I am interested in a property that has only a fivety eight year lease and therefore requires a lease extension. Is it possible for me to talk with someone to go through my options please?
  • Me and my OH have owned a leasehold flat for about eighteen years. It now has seventy eight years remaining on the lease. After a year of difficult negotiations through my property lawyers and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would appreciate advice.
  • If a leaseholder 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?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Longthorpe
  • We have a ground floor flat in Longthorpe with a lease of seventy three years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?
  • I have a lease of sixety four years remaining on my flat in Longthorpe. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Longthorpe

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