Raglan Lease Extensions

Top Ten Questions relating to Raglan Lease Extensions

I just completed on a property in Raglan and it has slightly more than 64 years remaining. I'd like to extend the lease period

I'm planning on purchasing a garden flat (leasehold) but the freeholder has been missing for slightly more than 15yrs. I wonder whether it will be less expensive to try to purchase the reversionary title or to extend lease and apply for right to manage?

Regarding a property in Raglan. lower maisonette. 65 yrs left. I have an agreed lease extension to £12,000 for 115yrs. Freeholder also requested Section 42 Notice which I think should not be required. Can you assist.

My flat in Raglan is up for sale and I have a hopefully firm offer. There is 82 years left on the lease and I want to extend the lease. What does it cost on average to get a lease extension by, say,ninety years

I am planning to get a lease extension and am wondering which 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 (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

Coming up to two years that I have owned my maisonette in Raglan. I have fivety eight yrs remaining 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 445k. 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: 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 financing - do they add it to their existing mortgage or pay it out in cash?

Even though I may not need a lease extension but I do require a vesting order on a property I want to acquire in Raglan. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the garden area.

My wife and I have been in discussion with our freeholder after having a valuation on our studio flat in Raglan. We have a seventy four year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

I have 71 years remaining on my lease of a ground floor flat in Raglan, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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