Frequently asked questions relating to Saxmundham Lease Extensions

  • I need to negotiate a lease extension for a flat in Saxmundham and want to use a local . Are you able to help me find a ?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 60 years balance left.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Saxmundham, and my lease will reach fivety five years this Septembmer. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • The terms for the lease on my apartment in Saxmundham are 101 years from 14 Sep 1988. Please provide me a quote to extend the lease if I give you more details please?
  • I am looking to either purchase the freehold or a lease extension of my property in Saxmundham and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Britannia to free up equity. The broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease commenced in 1991 and since then the ground rent has been raised from £15.00 per year to £300 per annum.
  • My apartment in Saxmundham is up for sale and I have a hopefully firm offer. There is 79 years unexpired on the lease and I want to extend the lease. How much does it cost on average to extend in this location by, say,fifty years
  • We wish to extend our lease. We will have been in the flat for 2 years as of 13th May 2016. It has circa fivety four years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My partner and I are hoping to purchase a home (a garden flat located inSaxmundham with share of freehold). During our search, we were always looking at flats that had at least eighty five years outstanding. We came across a place we liked and the estate agent assured that the lease was long albeit not specifying a number. Yesterday our informed us the lease only has 61 years and thus needs a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I have a lease of 56 years remaining on my flat in Saxmundham. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
  • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Saxmundham