Top Ten Questions relating to Ringmer Lease Extensions

  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 798 years unexpired so a lease extension is not a worry. 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 correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any advice would be much appreciated.
  • I am the owner of a maisonnette together with the freehold. My upstairs neighbours have asked to extend the lease what do I need to do?
  • I am concerned that my daughter might have had the wool pulled over her eyes. She put in an offer on a ground floor flat in Ringmer, where the lease is nearon 64 years but she was advised by the selling agents that the homeowner had extended it to 125 years. She has now been advised the flat owner was holding off for her to appoint lawyers ahead of instigating the lease extension. Sounds unscrupulous, also it will take months to sort it all out. Am I reading too much into it?
  • I have a share of the freehold. There are four flats in the house. All the leaseholders are now requiring lease extensions. What's your solicitors fee?
  • I am looking to buy a one bed flat in Ringmer for asking price of 156k, which has seventy two years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • Coming up to two years that I have been in my 2 bed flat in Ringmer. I have 65 years unexpired lease on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • If a leaseholder 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?
  • It says on your website the likely fee to extend a lease is £495. Is that the all inclusive cost excluding vat and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my one bedroom apartment in Ringmer
  • I am the registered freeholder of a couple of flats. Someone has the lease on the lower flat in Ringmer. I live in the upper flat. I was reviewing the title deeds yesterday when I noticed that my flat is leasehold. There is 62 years balance left. Is it possible to carry out a lease extension without using a ?
  • I'm seeking some advice with regard to extending the lease on my maisonette. I'll be looking to do this in nine months time as we have 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 LVT 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?

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