Common questions relating to Ratcliff Lease Extensions

  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 899 years residual lease term 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 twenty years without the house being ours. Any guidance would be much appreciated.
  • My co-lessees and I are in a block comprising five flats in Ratcliff and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • We own a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Ratcliff and are therefore considering the option of a vesting order. Is this something you can do for us?
  • In 2012 I purchased a leasehold flat in Ratcliff. I have built a large extension and have not informed my leaseholder. What are my options?
  • I wondered if you could help me on how much it would expense and the best way to start the lease extension process? I have just over sixety five years outstanding and I own a one bedroom second floor purpose built flat in Ratcliff.
  • I do not need a lease extension but I do require a vesting order on a property I want to purchase in Ratcliff. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the rear garden.
  • We are hoping to acquire a home (a ground floor flat inRatcliff with share of freehold). During our search, we were always looking at apartments that had a minimum 83 years outstanding. We found a place we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. Today our property lawyers informed us the lease only has fivety four years and therefore needs a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I own the freehold to two flats. Someone has the lease on the ground flat in Ratcliff. I reside in the top flat. I was reviewing the title deeds last night when I noticed that my flat is leasehold. There is 54 years balance left. Is it possible to carry out a lease extension without instructing a property lawyers?
  • I'm hoping for some assistance concerning extending the lease on my maisonette. The plan is to do this in nine months time as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • I'm looking for some advice with regard to a lease extension on my two bedroom second floor purpose built maisonette in Ratcliff. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good solicitors who specialises in lease extensions?

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