FAQs concerning Totton Lease Extensions

  • My wife has a flat based in Totton which we are about to put on the market. The leasehold has around seventy four years outstanding on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Thank you.
  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 798 years balance left so a lease extension is not required. 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 the house being ours. Any guidance would be much appreciated.
  • I am about to put an offer in on a maisonette in Totton with a lease of 65 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.
  • The terms for the lease on my apartment in Totton are 101 years from 1 Dec 1980. Please supply me me a quote for a lease extension if I give you more information please?
  • My wife and I are considering purchasing a ground floor flat in Totton which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from extending the lease?
  • Coming up to 2 years that I have owned my ground floor flat in Totton. I have sixety two yrs left on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 320K, 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: 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 funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • I do not need a lease extension but I do need a vesting order on a property I want to buy in Totton. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the garden area.
  • Are you able to provide an estimate to extend my mum’s lease on a ground floor flat in Totton. She recently got a price from the landlord for a lease extension but I am unclear whether it is too high.
  • We currently own a one bed flat in Totton and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 60 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • I have 69 years remaining on my lease of a ground floor flat in Totton, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

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