Frequently asked questions relating to Portsmouth Lease Extensions

  • I have got a leasehold flat in the Portsmouth area and was enquiring whether I could get a lease extension. What are your processes and fees. Has 67 years outstanding
  • I have a lease of 78 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I own a three bed flat in Portsmouth. I am looking to extend lease on the property. It is just under 80 years. I would just like to know what your charges are and how long it would take for completion.
  • Ref a residence in Portsmouth. upper maisonette. fivety four yrs unexpired. I have negotiated a lease extension price of £14k for 115yrs. Freeholder also requested Notice of Claim which I think should not be required. Advice required.
  • I'm living with my mum and dad but have a garden flat in Portsmouth let out which has a seventy four 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 Portsmouth 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 purchase in Portsmouth. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the garden area.
  • If somebody 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?
  • It says on your website the likely fee to extend a lease is £495. Is that the total cost including vat and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my 2 bed flat in Portsmouth
  • My wife and I are aware that others in the same building had already had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the prices by others . This would save on double valuation fees. Would you suggest such a course of action?
  • I am currently in the process of remortgaging my garden flat in Portsmouth and the new lender that I am looking to switch to needs at least 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around seventy years on the leasehold so looking for some advice, guidance, and some quotes to set the wheels in motion for a lease extension

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