Poringland Lease Extensions

Poringland Lease Extensions: Q and A’s

I’ve just purchased a ground floor flat based inPoringland and I'm deliberating a lease extension as soon as I can e.g. after 24 months of ownership

My partner has a flat based in Poringland which we have just put on the market. The leasehold has about seventy four years left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Thank you.

I am interested in getting a lease extension for a flat in Poringland and want to use a local . Is there a that you can recommend?

I inherited a garden flat in Poringland with a leasehold unexpired of 76 years. I am curious about what it will cost me to extend my leasehold

My mortgage lender is requesting several hundred pounds for their to agree a lease extension for my flat in Poringland... I am unable to find any reference of this in my mortgage literature... is this a usual charge?

I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I commence the process, is this correct?

My father has a share of freehold, with two other leaseholders in a building in Poringland. House divided into three apartments. He has a lease, which has about seventy one yrs unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?

Just been over two years that I have owned my maisonette in Poringland. I have sixety five yrs outstanding on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 450k. 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 legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?

If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?

I'm looking for some advice with regard to a lease extension on my one bedroom second floor purpose built maisonette in Poringland. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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