Examples of recent questions relating to Lease Extensions in Martlesham

  • We agreed with the landlord to a lease extension on our flat located in Martlesham, 9.5k for another 90yrs. How long is the process ?
  • Hi, I am looking somewhere around or in Martlesham 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I have shares in the freehold of buildings comprising of 8 flats each. Two of the leaseholders want a lease extension and I'm wondering about the procedure for this
  • I need to extend my current lease can you assist? I think it has seventy nine years left
  • We are in a building of four flats in Martlesham and have been offered to buy the freehold for £5000 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?
  • Is it possible to talk with you about a leasehold property in Martlesham, I am considering buying at auction next week. The flat only has a few years remaining and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • I am looking to either purchase the freehold or a lease extension of my property in Martlesham and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Clydesdale to release of equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease began in 1981 and since then the ground rent has been raised from £38.00 per annum to £100 per annum.
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I'm living at mother and father but have a garden flat in Martlesham let out which has a 57 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Martlesham for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • I am currently negotiating a lease extension for my flat in Martlesham 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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