Frequently asked questions relating to Victoria Lease Extensions

  • I have an interest in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm wondering about the the process
  • I need to negotiate a lease extension for a flat in Victoria and want to use a local . Is there a that you can recommend?
  • I acquired a 2 bed flat in Victoria with a leasehold unexpired of 60 years. I am enquiring about what I will need to spend to extend my lease
  • I have been in touch with my freeholder for a lease extension for my flat in Victoria. His has been in contact concerning costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started May 1986.
  • I will soon view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has sixety one years unexpired on the lease. It is also a repossession so I'm guessing that the bank will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am considering bidding for an auction property and found a two bed flat in Victoria. It has just fifty year lease..the seller as mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the disadvantages of this other than the costly fee to put a new lease on it and decreased chance of getting a mortgage with Virgin Money?
  • I am hoping to extend the lease on my three bed flat in Victoria I am looking for a local company to calculate the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • Just been over 2 years that I have been in my garden flat in Victoria. I have fivety four years 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 445k. 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: Is there a benefit in getting a Victoria based or any will do fine?
  • I am currently in the process of refinancing my one bed flat in Victoria and the bank that I am looking to switch to requires at least 80 years on the leasehold of my property in order for them to progress matters. We currently have around 77 years on the leasehold so require some help, guidance, and some quotes to start the lease extension process
  • We currently own a studio flat in Victoria 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 56 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. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?

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