Common questions relating to Sutton in Ashfield Lease Extensions

  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 928 years balance left so a lease extension is not a concern. 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 true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any help would be much appreciated.
  • I have a lease of sixety three years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I am about to put an offer in on a one bedroom first floor purpose built flat in Sutton in Ashfield with a lease of 57 years but unsure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I'm looking for an apartment to buy in Sutton in Ashfield and I'm not really familiar with the leasehold title. I've found a one bedroom apartment I like with a 82 years lease. I've read that I can apply for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with the mortgage?
  • We have a one bedroom flat located in Sutton in Ashfield. There is 80 years to run on the lease and we want a lease extension. How much will it likely cost to extend in this location by, say,25 years
  • We are considering buying a one bedroom apartment in Sutton in Ashfield which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • Coming up to two years that I have owned my garden flat in Sutton in Ashfield. I have 72 years outstanding on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. 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: Is there a benefit in getting a Sutton in Ashfield based or any will do fine?
  • I'm seeking some advice with regard to a lease extension on my flat. The intention is to do this next autumn as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • I have 65 years remaining on my lease of a ground floor flat in Sutton in Ashfield, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • We have a garden flat in Sutton in Ashfield with a lease of seventy one 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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