Questions and Answers: Swaffham Lease Extensions

  • I want to purchase a leasehold property and extend the lease. The owner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I have been in touch with my freeholder for a lease extension for my flat in Swaffham. Her property lawyers has been in contact with costs etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started August 1987.
  • My mortgage lender is requesting several hundred pounds for their conveyancers to agree a lease extension for my flat in Swaffham... I am unable to find any reference of this in my mortgage contract... is this a standard fee to pay?
  • My wife and I have a ground floor flat in Swaffham with sixety one years unexpired. Last year we were quoted a deal to receive a lease extension for another fifty years but also uplift the ground rent from notional to a little more..plus a premium I think of about 9k. Finally we have decided to proceed but do we now have to renegotiate?
  • I am planning to get a lease extension and am wondering which 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?
  • Me and my partner would like to know the cost of a lease extension valuation for a property based in Swaffham. Is this something you can assist us with?
  • Coming up to 2 years that I have owned my two bedroom second floor purpose built flat in Swaffham. I have 70 years left on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • It says on your website the likely fee to extend a lease is £495. Is that the all inclusive cost excluding value added tax and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my garden flat in Swaffham
  • Just a quick one, how much does it cost for a lease extension on a residential property in Swaffham for a three bed flat - sec 42 having been issued?
  • Are you able to provide an estimate to extend my mum’s lease on a two bedroom first floor purpose built flat in Swaffham. She already has a price from the freeholder for a lease extension but I am unclear whether it is reasonable.
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    Lease Extensions in Swaffham

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