FAQs concerning Rhoose Lease Extensions

  • I am looking at investing in a second home but it has a lease that expires in fifteen years. Its in Rhoose - I wanted to see if with your services this could be extended?
  • I need to extend my current lease can you help me with that? I think it has sixety five years residual lease term
  • I am a FTB of a leasehold flat in Rhoose. The lease has only 68 years remaining and ground rent is £95. Is it possible for the homeowner to serve the Notice of Claim and then transfer this right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the homeowner? Unfortunately it’s the case of an absent freeholder, so I am not sure how this will play out.
  • I am looking at acquiring an auction property and came upon a studio flat in Rhoose. It only has a fifty-one year lease..the current owner being mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this other than the expensive fee to put a new lease on it and reduced chance of getting a mortgage with Barnsley Building Society?
  • Hi I am the freeholder interest in a one bedroom flat in Rhoose. The leaseholder has a seventy five year lease and would like to purchase an additional 125 years. He is offering me £18,000 but I am unsure if this is in the right ballpark
  • I am the freeholder of a property in Rhoose where the leaseholder has requested a lease extension. Her valuer has suggested a figure of £8,000, but has upped this to £10,000 without too much effort. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
  • My father knows that others in the same block had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on previous prices . This would save on double valuation fees. Would you suggest this course of action?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my ground floor flat in Rhoose
  • We have a ground floor flat in Rhoose with a lease of sixety eight years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?
  • I have a lease of seventy nine years remaining on my flat in Rhoose. 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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    Lease Extensions in Rhoose

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