Longthorpe Lease Extensions

Sample questions relating to Longthorpe Lease Extensions

My name´s Ethan. I’m house hunting in Longthorpe I'm seeing a garden flat online, with about seventy eight years remaining, how much does it cost on average to extend in this area by, say, fifty years?

I am looking to extend the lease on my studio flat in Longthorpe which will have seventy three years left in June. What fees do you charge for this?

I would like to have my residential flat leasehold extension premium assessed. The flat is in Longthorpe, and my lease will reach 59 years this August. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?

We invested in buying a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Longthorpe and looking to do a vesting order. Is this something you can do for us?

I am a FTB of a leasehold flat in Longthorpe. The lease has just seventy six years outstanding and ground rent is £95. Is it possible for the homeowner to serve the Notice of Claim and then assign over the right to me as the purchaser on the day of completion so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the homeowner? Unfortunately it’s the case of an missing freeholder, so I am not sure how this will play out.

We would like to extend our lease. We will have been in the flat for 2 years as of 22nd Feb 2015. It has slightly less than fivety five years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as is reasonably achievable.

I am looking to buy a one bed flat in Longthorpe for asking price of 125k, which has 72 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder 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 am currently negotiating a lease extension for my flat in Longthorpe 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?

Do you handle lease extensions on land? (a plot of land in Longthorpe with 82yrs remaining)

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