Shanklin Lease Extensions: Q and A’s

  • My name´s Jonathan. I’m flat hunting in Shanklin I'm seeing a garden flat online, with nearly 77 years unexpired lease, how much will it likely cost to get a lease extension by, say, 25 years?
  • I’m just looking for a two bedroom ground floor purpose built maisonette to buy in the Shanklin area and was curious what the likely fees would be for a lease extension? It has 61 years unexpired...
  • Hi, I am looking somewhere around or in Shanklin 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • I need to extend my existing lease can you assist? I think it has seventy three years balance left
  • I am interested in getting a lease extension for a flat in Shanklin and want to use a local lawyers. Are you able to help me find a conveyancing practitioners?
  • I plan on buying a flat in Shanklin. The offer is conditional upon a lease extension. The current owner’s property lawyers has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Halifax. Moreover, which are the following lease extension steps to complete the purchase?
  • My fiance and I are considering purchasing a two bedroom ground floor purpose built maisonette in Shanklin which is a leasehold. I am enquiring as to the pros and cons of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
  • I own a purpose-built apartment located in a small development in Shanklin. The leasehold interest in the flat on a ninety five year lease started from 1 March 1972 with a fixed ground rent of £15 per annum. I would like to obtain a lease extension. Can I call someone to go through my options please?
  • My nephew has a share of freehold, with two other leaseholders in a building in Shanklin. House split into three flats. He has a lease, which has nearly sixety nine years unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
  • I am currently negotiating a lease extension for my flat in Shanklin 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?
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    Lease Extensions in Shanklin

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