FAQs concerning Market Deeping Lease Extensions

  • I am considering investing in a holiday home but it has a lease that expires in fifteen years. Its in Market Deeping - I wanted to see if with your services it is possible for this to be extended?
  • I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has fivety seven years unexpired
  • We are in a block comprising four flats in Market Deeping and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am the registered owner of a ground floor flat in Market Deeping. I am looking for a lease extension on the property. It is around 80 years. I would just like to know what your charges are and how long it would take for completion.
  • My apartment in Market Deeping is up for sale and I have a hopefully firm offer. There is eighty one years to run on the lease and I want a lease extension. How much does it cost on average to get a lease extension by, say,ninety years
  • 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 own the freehold reversion of a property in Market Deeping where the leaseholder has requested a lease extension. Her valuer has suggested a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?
  • My son is aware that others in the same block previously had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on previous premiums paid . This would save on double valuation charges. Would you recommend this course of action?
  • We currently own a studio flat in Market Deeping 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 seventy nine 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. Do you have 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 Market Deeping 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 Market Deeping