Questions and Answers: Sudbury Lease Extensions

  • We are thinking about a lease extension for our flat in Sudbury and we don't fully comprehend the communication that we received from our freehold company. How long will it take?
  • I agreed with the landlord for a lease extension on our flat located in Sudbury, 8k for a further 90yrs. How long will it take ?
  • I am the registered owner of a flat in Sudbury with a leasehold unexpired circa 79 years and need to extend it. Please can you advise me of the next steps
  • I am the registered owner of a 2 bed flat in Sudbury. The lease commenced in 1997 for 99 years. Now I am looking to extend the lease. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
  • I am looking at buying an auction property and came upon a two bed flat in Sudbury. It has just 48 year lease..the current owner as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this other than the costly fee to put a new lease on it and decreased chance of obtaining a mortgage with Bank of Scotland?
  • We have a ground floor flat in Sudbury with sixety seven years unexpired. Ten months ago we were quoted a deal to have a lease extension for a further fifty years but also uplift the ground rent from notional to £300 per annum..plus a premium I think of about 14k. Finally we have decided to proceed but do we now have to start the negotiations again?
  • It says on your website the likely fee to extend a lease is £495. Is that the total cost including value added tax and the HMLR fee? The price has already been negotiated with the freeholder for the lease extension for my studio flat in Sudbury
  • I'm looking at buying a flat in Sudbury valued at £210,000 the flat has approximately 76 years remaining on the lease. My offer was conditional upon the lease being extended... .. that was back in September, hoping I'd be in before Christmas. They have just informed me they are willing to knock £4k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • Me and my sister are hoping to purchase a home (a three bed flat based inSudbury with share of freehold). During our search, we were always looking at flats that had a minimum ninety years remaining. We came across a apartment we liked and the estate agent assured that the lease was long albeit not specifying a number. Today our conveyancing practitioners advised us the lease only has sixety one years and therefore needs a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • Do you handle lease extensions on land? (a plot of land in Sudbury with 82yrs remaining)
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    Lease Extensions in Sudbury

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