Examples of recent questions relating to Lease Extensions in Parkstone

  • We have just acquired a one bedroom apartment inParkstone and I'm considering a lease extension as soon as possible e.g. in 24 months of ownership
  • Hi, I just randomly found this website. I'm looking for prices on what it cost to extend a lease of a garden flat located in Parkstone. It's on sale at the moment but has just under 76 years left on the lease
  • I am interested in getting a lease extension for a flat in Parkstone and want to use a local solicitors. Is there a solicitors that you can recommend?
  • The intention is to sell our garden flat in Parkstone but we may need to extend the lease, or at least cover the costs of our purchaser. Are you able to recommend a property lawyers to help us?
  • I am considering acquiring an auction property and found a studio flat in Parkstone. It only has a 48 year lease..the vendor being mortgagees in possession dont want to mess around with seeking a lease extension..what are the disadvantages of this other than the expensive fee to extend the lease and decreased chance of obtaining a mortgage with The Royal Bank of Scotland?
  • I am the owner of a purpose-built apartment based in a small block in Parkstone. The leasehold interest in the apartment on a 99 year lease which commenced from 30th August 1970 with a fixed ground rent of £10 per annum. I would like to obtain a lease extension. Is it possible for me to call someone to go through my options please?
  • Coming up to 2 years that I have owned my one bedroom first floor purpose built maisonette in Parkstone. I have 59 yrs unexpired lease on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • I am the registered freeholder to two flats. Someone has the lease on the ground flat in Parkstone. I live in the top flat. I was looking at the title deeds today when I noticed that my flat has a lease on it. There is seventy years left on the lease. If I want to do a lease extension then would I simply be paying for the property lawyers fees?
  • I am currently negotiating a lease extension for my flat in Parkstone 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 maisonette in Parkstone with a lease of seventy one 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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    Lease Extensions in Parkstone

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