Sully Lease Extensions

Common questions relating to Sully Lease Extensions

Hi. I need someone to have a look at my lease extension ahead of it being formalised just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few small amendments.

I own a maisonnette together with the freehold. My downstairs neighbours have asked to extend the lease what do I need to do?

I am looking into the costs of carrying out a lease extension for my maisonette in Sully, and would like some figures on that.

I am a FTB of a leasehold flat in Sully. The lease has just 69 years balance left and ground rent is £25. Is it possible for the vendor to serve the Initial Notice and then transfer this right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the owner? Unfortunately the freeholder is absent, so I am not sure how this will play out.

I am looking at bidding for an auction property and came upon a two bed flat in Sully. It has just 48 year lease..the current owner as mortgagees in possession dont want the aggravation of seeking a lease extension..what are the drawbacks of this except for the costly fee to put a new lease on it and decreased chance of getting a mortgage with Nottingham Building Society?

My wife and I have a leasehold flat in Sully with 72 years remaining. Last year we were quoted a deal to grant a lease extension for another 25 years but also uplift the ground rent from nominal to £250 per year..plus a premium I think of approximately 16k. We have now decided to go ahead but do we now have to start the negotiations again?

We have owned a leasehold flat for approximately twenty years. There are seventy four years outstanding on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.

I have a leasehold property in Sully with sixety two years remaining on the lease. I am looking for a to act for me to achieve a lease extension. Can you help?

I am currently negotiating a lease extension for my flat in Sully 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?

We have a three bed flat in Sully with a lease of 74 years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?

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