Examples of recent questions relating to Lease Extensions in Mundesley

  • I purchased a maisonette in Mundesley. The start date for the lease was in 1997 for 99 years. Now I am wanting to extend the lease. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • Think I may have made a mistake, I am searching for a in Mundesley who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
  • I am a freeholder of a block of flats in Mundesley, and the leaseholders are in the process of being given lease extensions. I anticipate receiving the money within a month or so. Are there any tax implications, the property is in joint names with my husband ?
  • I have a share of the freehold. There are five apartments in the building. All the leaseholders are now requiring lease extensions. How long will take to get a lease extension?
  • Me and my wife are considering purchasing a studio flat in Mundesley which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from extending the lease?
  • I am in need of a lease extension for my flat in Mundesley and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I'm seeking some help concerning a lease extension on my maisonette. I'll be looking to do this next autumn as we have 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?
  • I know that others in the same block had already had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on previous premiums paid . This would save on double valuation fees. Would you suggest this course of action?
  • I am currently negotiating a lease extension for my flat in Mundesley 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?
  • We have a one bed flat in Mundesley with a lease of 79 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?
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