Top Ten Questions relating to Rendlesham Lease Extensions

  • I bought a property in Rendlesham and it has nearly sixety two years outstanding. I'd like to extend the lease period
  • I invested in buying a maisonette in Rendlesham with a leasehold unexpired of 74 years. I am wondering about what it will cost me to extend my leasehold
  • I have contacted my freeholder to extend my lease for my flat in Rendlesham. His has been in contact regarding charges etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started November 1993.
  • I plan on buying a flat based in Rendlesham. My offer is subject to the lease extension. The homeowner’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Alliance & Leicester . Moreover, which are the following lease extension steps to complete the purchase?
  • I am a freeholder of a block of flats in Rendlesham, and the lessees are in the process of being given lease extensions. I anticipate receiving funds next month. As I am not on self assessment do I write to the tax authorities ?
  • 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?
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • I am the freeholder of a property in Rendlesham and a leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
  • I have 63 years remaining on my lease of a ground floor flat in Rendlesham, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I'm looking for some advice with regard to a lease extension on my two bedroom first floor purpose built flat in Rendlesham. 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 who specialises in lease extensions?

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