Common questions relating to Rowlands Gill Lease Extensions

  • We have just bought a ground floor flat located inRowlands Gill and I'm considering extending the lease as soon as practicable e.g. in two years
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 798 years balance left 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 true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any information would be much appreciated.
  • I own a ground floor flat based in Rowlands Gill with a leasehold unexpired of 75 years. I am enquiring about how much it will cost me to extend my leasehold
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Rowlands Gill and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Accord Mortgages Ltd to release of equity. My adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease commenced in 1991 and since then the ground rent has been raised from £38.00 per annum to £200 per annum.
  • I am about to view a two bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has fivety five years balance left on the lease. It is also a repo so I'm guessing that the vendor will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • I am a landlord of a block of flats in Rowlands Gill, and the tenants are in the process of being granted lease extensions. I should hopefully get funds next month. How does the tax work, the property is in joint names with my partner ?
  • I own a share of the freehold. There are five flats in the building. All the leaseholders are now requiring lease extensions. Are you willing to assist us with this situation?
  • Hi I am the freeholder reversion in a one bedroom flat in Rowlands Gill. The leaseholder has a seventy nine year lease and would like to purchase another 90 years. He is offering me £27,000 but I am not sure if this is in the right ballpark
  • I am currently negotiating a lease extension for my flat in Rowlands Gill as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • Do you handle lease extensions on land? (a plot of land in Rowlands Gill with 82yrs remaining)

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