Sample questions relating to Bamburgh Lease Extensions

  • Do you only advise on lease extensions in Bamburgh? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a .
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Bamburgh, and my lease will reach fivety four years this March. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I am looking into the costs of carrying out a lease extension for my studio flat in Bamburgh, and would like some figures on that.
  • We acquired a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Bamburgh and looking to do a vesting order. Is this something you can help us with?
  • I am about to view a one bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has fivety eight years balance left on the lease. It is also a repo so I'm assuming that the lender will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • I am considering acquiring an auction property and found a studio flat in Bamburgh. It only has a fifty year lease..the seller being mortgagees in possession dont want to mess around with applying for a lease extension..what are the drawbacks of this except for the costly fee to put a new lease on it and decreased chance of obtaining a mortgage with Norwich and Peterborough Building Society?
  • We have a leasehold flat in Bamburgh with seventy four years remaining. Last year we were quoted a deal to have a lease extension for another thirty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 9k. We have now decided to go ahead but do we now have to renegotiate?
  • If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • My partner and I are in the throws of buying a flat (a garden flat located inBamburgh with share of freehold). Throughout our search, we were always looking at flats that had a minimum 84 years left. We found a place we fell in love with and the selling agent assured that the lease was long albeit not specifying a number. Yesterday our informed us the lease only has 59 years and thus needs a lease extension. Should we run away, or do we reduce our offer?
  • Do you handle lease extensions on land? (a plot of land in Bamburgh with 82yrs remaining)

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