Questions and Answers: Ripley Lease Extensions

  • I’m about to offer on a three bedroom second floor purpose built maisonette to buy in the Ripley area and was after more information on how much would it cost to extend a lease? It has 76 years outstanding...
  • I am looking for a lease extension on the lease on my one bedroom first floor purpose built maisonette in Ripley which will have seventy years left in August. What fees are applicable?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Ripley, and my lease will reach fivety five years this August. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I am going to purchase a flat in Ripley. The offer is conditional upon a lease extension. The current owner’s conveyancers 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 Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • We are in a building made up five flats in Ripley and have been offered to buy the freehold for 7k 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?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Ripley and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Barclays to free up equity. My adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease started in 1979 and since then the ground rent has increased from £25.00 per annum to £100 per annum.
  • We have a GFF in Ripley. There is 81 years unexpired on the lease and we want to extend the lease. How much will it likely cost to extend in this area by, say,fifty years
  • I am hoping to extend the lease on my 2 bed flat in Ripley I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around fivety four years. I need a conveyancing practitioners at my end. Can you advise please? I live near Ripley and have a mortgage with Accord Mortgages Ltd.
  • We have a garden flat in Ripley with a lease of 58 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?
  • Other Topics

    Lease Extensions in Ripley

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