Questions and Answers: Towcester Lease Extensions

  • Hi, I am looking somewhere around or in Towcester 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 899 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 twenty years without owning the property. Any feedback would be much appreciated.
  • I'm deliberating over buying a ground floor flat (leasehold) but the landlord has been absent for just under 15yrs. I wonder whether it will be less expensive to try to purchase the reversionary title or to extend lease and apply for RTM?
  • Possibly made a mistake, I am seeking a in Towcester who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • The terms for the lease on my apartment in Towcester are 95 years from 1 Jan 1980. Please supply me me a quote for a lease extension if I give you more information please?
  • We have owned a leasehold flat for about fifteen years. There are 69 years remaining on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.
  • My fiance and I would like to know the cost of a lease extension valuation for a property based in Towcester. Is this something you can assist us with?
  • Just been over two years that I have owned my garden flat in Towcester. I have sixety four yrs outstanding on the lease. I am now wanting to buy a share of freehold or a lease extension. 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: 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 own the freehold reversion of a property in Towcester and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £8,000, but has upped this to £10,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what charges would I be likely to incur?
  • I have sixety years remaining on my lease of a ground floor flat in Towcester, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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