Common questions relating to Shepshed Lease Extensions

  • Do you only do lease extensions in Shepshed? I own a flat in Abbey Wood with 90 years left, I am looking for a quote from a .
  • My neighbours and I are in a building made up four flats in Shepshed and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • In 2010 I purchased a leasehold apartment in Shepshed. I have built a large extension and have not informed the freeholder. What are my options?
  • I intend to buy a one bed flat in Shepshed for asking price of 125k, which has sixety three years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm living with my mother and father but have a garden flat in Shepshed let out which has a 60 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 Shepshed 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 19k. Should I keep or sell the flat?
  • I am the registered freeholder to two flats. Someone has the lease on the garden flat in Shepshed. I occupy in the top flat. I was looking at the title deeds yesterday when I noticed that my flat has a lease on it. There is 76 years unexpired. Is it possible to carry out a lease extension without instructing a ?
  • I'm seeking some assistance concerning a lease extension on my flat. I'll be looking to do this next winter as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. You are able to recommend a good who specialises in lease extensions. Ideally someone in Shepshed area?
  • I am planning on remortgaging my one bedroom apartment in Shepshed and the bank that I am looking to move to requires at least 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around sixety nine years on the leasehold so looking for some advice, guidance, and some quotes to set the wheels in motion for a lease extension
  • We currently own a ground floor flat in Shepshed and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy five years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Shepshed 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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