Top Ten Questions relating to Ratcliff Lease Extensions

  • Hi. I need a to review my lease extension before it's completed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor changes.
  • I am considering whether to purchase the freehold or a lease extension of my property in Ratcliff and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Leeds Building Society to release of equity. My adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease started in 1981 and since then the ground rent has increased from £25.00 per annum to £100 per year.
  • What will it cost me and what is the best way to start the lease extension process? I have circa fivety five years remaining on my lease on a garden flat in Ratcliff. I have contacted the agent who act on behalf of the head landlord and they gave me the number of the surveyor. I have contacted the valuer but I am not receiving any returned calls.
  • My mortgage lender is requesting several hundred pounds for their to agree a lease extension for my flat in Ratcliff... I can find no mention of this in my mortgage guide... is this a standard cost that they charge?
  • I am looking to buy a one bed flat in Ratcliff for asking price of 156k, which has seventy one years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am seeking advice as I am interested in a property that has only a fivety nine year lease and therefore requires a lease extension. Is it possible for me to talk with someone to discuss my options please?
  • My son has a share of freehold, with two other leaseholders in a building in Ratcliff. House divided into three apartments. He has a lease, which has about seventy nine yrs left. How much would it cost for a lease extension and how many years would he need to extend by?
  • We have been in discussion with our freeholder after having a valuation on our studio flat in Ratcliff. We have a fivety six year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that he 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 our behalf.
  • We are concerned about getting a lease extension from tricky freeholder. Regardless of the fact that the legal procedures were adhered to under the appropriate legislation, the landlord still attempted to charge ground rent of £300 increasing by 100% every twenty years of the new term. Can you assist?
  • Do you handle lease extensions on land? (a plot of land in Ratcliff with 82yrs remaining)

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