Common questions relating to Looe Lease Extensions
Hi, I stumbled upon this site. I'm seeking prices on what a lease extension will cost for a one bedroom apartment located in Looe. It's up for sale at the moment but has about 56 years left on the lease
I am looking for a lease extension on the lease on my ground floor flat in Looe which will have seventy six years unexpired lease in June. What fees apply?
I want to acquire a leasehold property and extend the lease. The homeowner has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
Do you only undertake lease extensions in Looe? I own a flat in Abbey Wood with 90 years outstanding, I am looking for a quote from a .
I am looking to buy a garden flat in Looe with a lease of sixety years but have no idea how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
Think I may have made an error, I am seeking a in Looe who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can help me with?
I am deliberating whether to purchase the freehold or a lease extension of my property in Looe and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Skipton Building Society to free up equity. My adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease commenced in 1981 and since then the ground rent has been raised from £38.00 per annum to £300 per year.
Me and my sister are proceeding with a purchase of a garden flat in Looe. I was assured that the lease had been extended (sixety one years left prior to extension). The description on the listing said "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The homeowner apparently has a quote but no funds to extend and consequently the flat owner wishes to exchange and use the my deposit to extend the lease. My question is how is possible that the estate agent got it so wrong?
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?
We are hoping to purchase a property (a ground floor flat based inLooe with share of freehold). Throughout our search, we were always looking at apartments that had at least 84 years left. We found a place we liked and the selling agent assured that the lease term was not an issue. This morning our told us the lease only has 64 years and thus requires a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
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