Umberleigh Lease Extensions

Frequently asked questions relating to Umberleigh Lease Extensions

I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 73 years remaining.

We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 899 years unexpired so a lease extension is not an issue. 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 help would be much appreciated.

We are in a building comprising four flats in Umberleigh and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

I am looking into the costs of carrying out a lease extension for my one bed flat in Umberleigh, and would like some figures on that.

I inherited a two bedroom ground floor purpose built maisonette in Umberleigh. I am looking for a lease extension on the property. It is nearing 80 years. I would just like to know what your charges are and how long it would take for completion.

I am deliberating whether to purchase the freehold or a lease extension of my property in Umberleigh and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Nationwide Building Society to release of equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease began in 1979 and since then the ground rent has increased from £25.00 per annum to £100 per annum.

Me and my partner have been in discussion with our freeholder after having a valuation on our garden flat in Umberleigh. We have a seventy six year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

We are concerned about obtaining a lease extension from tricky landlord. Regardless of the fact that the correct procedures were followed under the 1993 Act, the freeholder still tried to get ground rent of £300 doubling every twenty years of the new lease. Can you assist?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my studio flat in Umberleigh

I have a lease of 57 years remaining on my flat in Umberleigh. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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