Frequently asked questions relating to Portslade Lease Extensions

  • I am looking for lease extension for our two bed flat in Portslade and we are confused by the communication that we received from our freehold company. How long will it take?
  • Hello, I stumbled upon this website. I'm looking for prices on what it cost to extend a lease of a one bedroom apartment located in Portslade. It's on the market at the moment but has about 75 years left on the lease
  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 928 years unexpired so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any suggestions would be much appreciated.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • Are you able to advise on the likely charges and the best way to get a lease extension started? I have around sixety five years outstanding and I own a garden flat in Portslade.
  • My partner and I have a leasehold flat in Portslade with fivety five years remaining. Last year we were quoted a deal to receive a lease extension for a further 25 years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 14k. We have now decided to move forward but do we now have to start the negotiations again?
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 76 years. I need a at my end. Can you advise please? I live near Portslade and have a mortgage with HSBC Bank.
  • I'm living with my mum and dad but have a one bedroom apartment in Portslade let out which has a fivety 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 Portslade 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?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to acquire in Portslade. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the rear garden.
  • My and my partner are concerned about getting a lease extension from an objectionable landlord. Even though the correct procedures were followed under the appropriate legislation, the freeholder still attempted to get ground rent of £250 increasing by 100% every twenty years of the new lease. Can you assist?

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