Ruxley Lease Extensions: Q and A’s

  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has seventy two years outstanding.
  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 899 years unexpired 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 the house being ours. Any advice would be much appreciated.
  • I have been in touch with my freeholder to extend my lease for my flat in Ruxley. His has been in contact with fees etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started February 1985.
  • We are selling our maisonette in Ruxley but we may need to extend the lease, or at least cover the expense of our purchaser. Are you able to suggest a to undertake the legal formalities?
  • Possibly made a mistake, I am seeking a in Ruxley who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can help me with?
  • We have owned a leasehold flat for around fifteen years. There are seventy eight years remaining on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would welcome advice.
  • I am hoping to extend the lease on my maisonette in Ruxley I am looking for a local company to calculate 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 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 56 years. I need a at my end. Can you advise please? I live near Ruxley and have a mortgage with Barclays Direct.
  • I'm living at parents but have a one bed flat in Ruxley let out which has a 54 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Ruxley for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • I am the freeholder of a property in Ruxley and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has increased this by £2,000 at the drop of a hat. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to incur?

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