Southwell Lease Extensions

Southwell Lease Extensions Example Support Desk Enquiries

I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has 62 years unexpired.

I would like to have my residential flat leasehold extension premium assessed. The flat is in Southwell, and my lease will reach fivety six years this Septembmer. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?

My mortgage provider requires several hundred pounds for their to agree a lease extension for my flat in Southwell... I am unable to find any reference of this in my mortgage booklet... is this a normal charge?

I am seeking advice as I am interested in a property that has only a 68 year lease and therefore requires a lease extension. Is it possible for me to call someone to discuss my options please?

My son has a share of freehold, with two other leaseholders in a building in Southwell. House split into three apartments. He has a lease, which has about seventy five yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?

We have owned a leasehold flat for approximately twenty years. It now has seventy seven years remaining on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would welcome advice.

I'm living with my mother and father but have a maisonette in Southwell let out which has a 79 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 Southwell 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 21k. Should I keep or sell the flat?

If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?

We know that others in the same block previously had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the prices by others . This would save on double valuation charges. Would you recommend such a course of action?

I have seventy six years remaining on my lease of a ground floor flat in Southwell, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Southwell