Common questions relating to Lyme Regis Lease Extensions

  • We have just acquired a studio flat inLyme Regis and I'm considering extending the lease as soon as I can e.g. in 24 months of ownership
  • I have an interest in the freehold of buildings comprising of 8 flats each. 2 of the leasehold owners want a lease extension and I'm curious about the the process
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Lyme Regis, and my lease will reach 60 years this March. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • The intention is to sell our one bedroom apartment in Lyme Regis but we may require a lease extension, or possibly cover the costs of our buyers. Are you able to suggest someone to undertake the legal formalities?
  • I will soon view a two bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 69 years unexpired on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • I own a share of the freehold. There are three apartments in the building. All the leaseholders are now requiring lease extensions. What's your legal fee?
  • I own the freehold to two flats. Someone has the lease on the garden flat in Lyme Regis. I occupy in the top flat. I was looking at the land registry documents last night when I noticed that my flat is leasehold. There is 67 years left. If I want a lease extension then would I simply be paying for the lawyers costs?
  • I'm seeking some assistance concerning a lease extension on my apartment. The intention is to do this in nine months time as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Do I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • We currently own a two bedroom second floor purpose built maisonette in Lyme Regis 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 five 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. Can you offer some advice on this? Do 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 Lyme Regis 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?
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    Lease Extensions in Lyme Regis

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