FAQs concerning Red Lodge Lease Extensions

  • Hi, I am looking somewhere around or in Red Lodge 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 54 years residual lease term.
  • I bought a ground floor flat located in Red Lodge with a leasehold unexpired of 57 years. I am curious about how much it will cost me to extend my leasehold
  • I am looking to either purchase the freehold or a lease extension of my property in Red Lodge and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with Accord Mortgages Ltd to free up equity. My broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease commenced in 1991 and since then the ground rent has increased from £15.00 per annum to £200 per annum.
  • I am a landlord of a block of flats in Red Lodge, and the leaseholders are in the process of being issued lease extensions. I anticipate receiving the money within a month or so. As I am not on self assessment do I get in touch with the tax authorities ?
  • I am considering bidding for an auction property and identified a two bed flat in Red Lodge. It has just fifty-one year lease..the vendor being mortgagees in possession dont want the aggravation of applying for a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and reduced chance of getting a mortgage with National Westminster Bank?
  • Me and my wife have been in discussion with our freeholder after having a valuation on our studio flat in Red Lodge. We have a 67 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure 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 the lease extension.
  • I note that your website states the likely fee to extend a lease is £495. Is that the total cost including vat and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my maisonette in Red Lodge
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Red Lodge for a one bed flat - sec 42 having been issued?
  • My and my husband know that others in the same building previously had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?

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