FAQs concerning Mexborough and Swinton Lease Extensions

  • My name´s Blake. I’m flat hunting in Mexborough and Swinton I'm seeing a one bed flat online, with circa seventy eight years remaining, how much does it cost on average to extend in this location by, say, 45 years?
  • I bought a one bedroom first floor purpose built maisonette in Mexborough and Swinton with a leasehold unexpired of seventy years. I am wondering about what I will need to spend to extend my lease term
  • My wife and I have a ground floor flat in Mexborough and Swinton with seventy one years to run. Last year we were quoted a deal to receive a lease extension for a further 25 years but also increase ground rent from nominal to £200 per annum..plus a premium I think of approximately 9k. Finally we have decided to move forward but do we now have to start the negotiations again?
  • I am looking to buy a one bed flat in Mexborough and Swinton for asking price of 145k, which has 79 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am seeking advice as I am interested in a property that has only a 60 year lease and therefore requires a lease extension. Is it possible for me to talk with someone to go through my options please?
  • We have owned a leasehold flat for approximately eighteen years. It now has 60 years remaining on the lease. After a year of difficult negotiations through my solicitors and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.
  • I am the freeholder of a Edwardian property split into two flats. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy six years. What are my next steps?
  • I'm living at mother and father but have a studio flat in Mexborough and Swinton let out which has a sixety nine 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 Mexborough and Swinton 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?
  • My mum is concerned about getting a lease extension from an objectionable landlord. Regardless of the fact that the correct procedures were followed under the 1993 Act, the landlord still tried to charge ground rent of £250 doubling every 25 years of the new lease. Can you assist?
  • I am currently negotiating a lease extension for my flat in Mexborough and Swinton 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 Mexborough and Swinton

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