Common questions relating to Ramsey Lease Extensions

  • The terms for the lease on my flat in Ramsey are 101 years from 15 Feb 1989. Please supply me me a quote for a lease extension if I give you more information please?
  • We are the registered owners of a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Ramsey and are therefore considering the option of a vesting order. Is this something you can help us with?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Ramsey and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Norwich and Peterborough Building Society to free up equity. The adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease began in 1991 and since then the ground rent has increased from £38.00 per year to £300 per annum.
  • We have a ground floor flat in Ramsey with 58 years to run. Last year we were quoted a deal to have a lease extension for another 25 years but also increase ground rent from notional to a little more..plus a premium I think of about 9k. Finally we have decided to move forward but do we now have to renegotiate?
  • Offer accepted on a a garden flat in Ramsey, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as eighty years.We are soon to exchange contracts in a couple of days. My question is why has this only just come to my attention by my ?
  • I an interested in finding out more about purchasing a leasehold residence. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Ramsey area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • Coming up to 2 years that I have been in my three bed flat in Ramsey. I have sixety four years remaining on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 350K, 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)?
  • I'm intent on acquiring an apartment in Ramsey at a price of £256,000 the flat has something like 69 years remaining on the lease. I put in an offer conditional upon a lease extension... .. that was back in November, expecting I'd have moved in by now. They have just come back saying they are willing to reduce the price by£2k if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • Do you handle lease extensions on land? (a plot of land in Ramsey with 82yrs remaining)
  • I have a lease of sixety eight years remaining on my flat in Ramsey. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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