Common questions relating to Rochford Lease Extensions

  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 798 years remaining so a lease extension is not required. 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any advice would be much appreciated.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I would like to know how much it would cost and the optimum way to get a lease extension started? I have approximately fivety seven years left and I own a studio flat in Rochford.
  • I am a freeholder of a block of flats in Rochford, and the leaseholders are in the process of being issued lease extensions. I anticipate receiving funds next month. As I am not on self assessment do I contact the tax authorities ?
  • My leasehold flat in Rochford is up for sale and I have a hopefully firm offer. There is eighty one years to run on the lease and I want a lease extension. What will it likely cost to get a lease extension by, say,ninety years
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • My daughter knows that others in the same building previously had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Would you suggest this course of action?
  • I require an estimate to extend my aunt’s lease on a three bed flat in Rochford. She already has a figure from the freeholder for a lease extension but I am unclear whether it is too high.
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my two bedroom second floor purpose built flat in Rochford
  • We have a garden flat in Rochford with a lease of 57 years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Rochford

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