Rustington Lease Extensions

Rustington Lease Extensions: Q and A’s

I’ve just purchased a garden flat inRustington and I'm considering extending the lease as soon as practicable e.g. in 24 months of ownership

I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has seventy one years balance left.

I invested in buying a one bedroom second floor purpose built flat in Rustington with a leasehold unexpired of 58 years. I am enquiring about how much it will cost me to extend my lease term

I am deliberating whether to purchase the freehold or a lease extension of my property in Rustington and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Santander to release of equity. The broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease started in 1991 and since then the ground rent has been raised from £25.00 per year to £200 per annum.

In 2010 I purchased a leasehold flat in Rustington. I have built a big extension and have not informed my leaseholder. What are my options?

Coming up to two years that I have owned my maisonette in Rustington. I have 79 years unexpired lease on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Rustington based property lawyers or any will do fine?

Me and my wife are acquiring a one bedroom apartment in Rustington which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our lawyers to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our conveyancers it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we have to hold on until the lease extension has actually been registered before completing.?

I own the freehold reversion of a property in Rustington where the leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £9,000, but has upped this by £2,000 without too much effort. My surveyor has put forward a much higher figure. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?

I am planning on refinancing my garden flat in Rustington and the bank that I am looking to switch to requires a minimum 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around sixety three years on the leasehold so require some help, guidance, and some quotes to start the lease extension process

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Rustington

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