FAQs concerning Sutton On Sea Lease Extensions

  • Hello, I stumbled upon this website. I'm seeking prices on what it cost to extend a lease of a three bed flat in Sutton On Sea. It's on the market at the moment but has nearly 66 years of unexpired leasehold
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Sutton On Sea, and my lease will reach seventy five 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 LVT court?
  • I need to talk to you about a leasehold property in Sutton On Sea, I am considering bidding at auction next week. The flat has a short lease and I was wondering about what it would cost to get a lease extension and for your services.
  • I am looking to either purchase the freehold or a lease extension of my property in Sutton On Sea and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously refinance with Clydesdale to free up equity. My adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease started in 1972 and since then the ground rent has been raised from £25.00 per year to £125 per year.
  • I am a first time buyer of a leasehold flat in Sutton On Sea. The lease has just 77 years remaining and ground rent is £50. Is it possible for the seller to serve the Notice of Claim and then assign this right to me as the purchaser once I complete the buying process so that I can avoid waiting for the two 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 flat owner? Unfortunately the freeholder can not be found, so I am not sure how this will play out.
  • My husband and I have a one bedroom flat in Sutton On Sea. There is 81 years left on the lease and we want to extend the lease. What will it likely cost to extend in this area by, say,ninety years
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I initiate the process, is this correct?
  • I intend to buy a one bed flat in Sutton On Sea for asking price of 145k, which has seventy eight years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm looking at purchasing a flat in Sutton On Sea at a price of £195,000 the flat has something like 54 years left on the lease. I put in an offer subject to a lease extension... .. that was back in November, hoping I'd have completed before now. The seller has just come back saying they'll knock £4k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • I am currently in the process of refinancing my garden flat in Sutton On Sea and the bank that I am looking to switch to needs at least 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around 67 years on the leasehold so looking for some help, guidance, and some quotes to get the wheels in motion for a lease extension
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    Lease Extensions in Sutton On Sea

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