Lease Extensions in Melton Mowbray

Frequently asked questions relating to Melton Mowbray Lease Extensions

I just completed on a property in Melton Mowbray and it has approximately sixety years unexpired. I'd like to extend the lease period

I bought a garden flat in Melton Mowbray with a leasehold unexpired of 79 years. I am curious about what I will need to spend to extend my leasehold

I have contacted my freeholder for a lease extension for my flat in Melton Mowbray. His has been in contact with charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started June 1984.

I'm thinking of buying a one bed flat (leasehold) but the freeholder has been absent for around 15yrs. My query is would it be cheaper to try to acquire the reversionary title or to extend lease and apply for RTM?

We are in a building containing three flats in Melton Mowbray and have been offered to buy the freehold for 8k 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 interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

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?

Just been over 2 years that I have been in my 2 bed flat in Melton Mowbray. I have fivety six yrs remaining on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?

We are concerned about getting a lease extension from a difficult freeholder. Notwithstanding that the legal procedures were adhered to under the appropriate legislation, the freeholder still attempted to charge ground rent of £250 doubling every twenty five years of the new lease. Can you assist?

I am currently in the process of refinancing my garden flat in Melton Mowbray and the mortgage company that I am looking to switch to requires at least 85 years remaining on the lease in order for them to progress matters. We currently have around fivety nine years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Melton Mowbray