Questions and Answers: Peterston Super Ely Lease Extensions

  • I am thinking about a lease extension for our garden flat in Peterston Super Ely and we are confused by the communication that we got from our freehold company. Are you able to assist us with this situation?
  • I am looking at investing in a holiday home but it has a lease that expires in 14 years. Its in Peterston Super Ely - I wanted to see if with your services it is possible for this to be extended?
  • Hello. I need a to have a look at my lease extension ahead of it being signed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor amendments.
  • I need to talk to you about a leasehold property in Peterston Super Ely, I am thinking of buying at auction in the next few days. The flat only has a few years unexpired lease and I am curious about what it would cost to get a lease extension and for your services.
  • I am considering whether to purchase the freehold or a lease extension of my property in Peterston Super Ely and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with TSB to free up equity. The adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease started in 1981 and since then the ground rent has increased from £38.00 per year to £125 per annum.
  • I am a first time buyer of a leasehold flat in Peterston Super Ely. The lease has only fivety five years balance left and ground rent is £25. Is it possible for the owner to serve the Notice of Claim and then transfer over the right to me as the buyer on the day of completion so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the vendor? To add to the complexity the freeholder is absent, so I am not sure how does it work.
  • My partner and I have a ground floor flat in Peterston Super Ely with 57 years unexpired. Ten months ago we were quoted a deal to grant a lease extension for a further thirty years but also increase ground rent from notional to £200 per annum..plus a premium I think of approximately 16k. We have now decided to go ahead but do we now have to renegotiate?
  • I'm living at mum and dad but have a one bedroom apartment in Peterston Super Ely let out which has a seventy five 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 Peterston Super Ely 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 19k. Should I keep or sell the flat?
  • I have a flat in Peterston Super Ely with 73 years unexpired on the lease. I am looking for a to act for me to achieve a lease extension. Can you assist?
  • I am currently negotiating a lease extension for my flat in Peterston Super Ely 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?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Peterston Super Ely