Questions and Answers: Sherwood Lease Extensions

  • My name´s David. I’m flat hunting in Sherwood I'm seeing a garden flat online, with circa 76 years outstanding, how much does it cost on average to extend in this location by, say, thirty years?
  • Hello, I stumbled upon this website. I'm seeking prices on what it cost to extend a lease of a ground floor flat based in Sherwood. It's on sale at the moment but has around 66 years left on the lease
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 928 years remaining so a lease extension is not a worry. 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 correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any help would be much appreciated.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Sherwood, and my lease will reach seventy eight years this June. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • What will it cost me and what is the best way to get a lease extension started? I have just over 72 years unexpired lease on my lease on a ground floor flat in Sherwood. I have contacted the managing agents who represent the landlord and they sent me the number of the surveyor. I left a phone message for the valuer but I am not receiving any kind of response.
  • Me and my partner are considering buying a garden flat in Sherwood which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • 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 sixety three years. I need a at my end. Can you advise please? I live near Sherwood and have a mortgage with Coventry Building Society.
  • Just been over two years that I have owned my one bedroom apartment in Sherwood. I have 72 yrs left on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • Are you able to provide an estimate to extend my mum’s lease on a three bedroom ground floor purpose built maisonette in Sherwood. She already has a figure from the landlord for a lease extension but I am unclear whether it is too high.
  • We have a garden flat in Sherwood with a lease of 60 years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?

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