Romney Lease Extensions

Questions and Answers: Romney Lease Extensions

I’ve just acquired a garden flat based inRomney and I'm considering a lease extension as soon as I can e.g. in 24 months of ownership

My wife has an apartment in Romney which we are about to put on the market. The leasehold has circa fivety six years unexpired on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.

I'm planning on buying a studio flat (leasehold) but the landlord has been absent for approximately 15yrs. I wonder whether it will be less expensive to try to acquire the freehold or to get a lease extension and apply for RTM?

I invested in buying a studio flat in Romney. I am looking to extend lease on the property. It is approximately eighty one years. I would just like to know what your charges are and how long it would take for completion.

I need to talk to you about a leasehold property in Romney, I am thinking of buying at auction next week. The flat only has a few years outstanding and I wanted to inquire about what it would cost to get a lease extension and for your services.

I wondered if you could help me on how much it would cost and the best way to get a lease extension started? I have slightly more than sixety one years outstanding and I own a studio flat in Romney.

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?

Coming up to 2 years that I have been in my garden flat in Romney. I have 54 years outstanding 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?

I have a freehold of a three bedroom flat in Romney. The leaseholders have fivety eight years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?

My and my husband know that others in the same building previously had a lease extension, and the freeholder seemed amenable. It therefore appears 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 recommend such a course of action?

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