Lease Extensions in Southwold

Recently asked questions relating to Southwold Lease Extensions

I invested in buying a flat in Southwold with a leasehold unexpired just under sixety five years and need a lease extension. Please can you clarify the next stages

I am the owner of a maisonnette and the freehold. The owners of the upstairs flat have asked to extend the lease what do I need to do?

What will I need to spend and what is the best way to get a lease extension started? I have roughly 56 years unexpired lease on my lease on a studio flat in Southwold. I have contacted the agent who represent the landlord and they provided me with the number for the valuer. I left a phone message for the valuer but I am not receiving any calls back.

I am planning to extend the lease on my 2 bed flat in Southwold I am looking for help to verify the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.

I do not need a lease extension but I do require a vesting order on a property I want to acquire in Southwold. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the rear garden.

If somebody owns a flat with a lease of under 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 extending the lease?

I note that your website states the likely fee to extend a lease is £495. Is that the all inclusive cost excluding value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my garden flat in Southwold

I'm intent on purchasing a flat in Southwold valued at £210,000 the flat has just under 79 years left on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in November, hoping I'd be in before now. The seller has just come back saying they are willing to reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer

We currently own a ground floor flat in Southwold 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 60 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Should 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 Southwold 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?

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