FAQs concerning Barnes Cray Lease Extensions

  • 40k agreed with the landlord, just trying to find a Barnes Cray for a lease extension. Our lease has nearly 67 yearsunexpired lease. Can you please help us with this situation ?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Barnes Cray, and my lease will reach fivety five years this August. 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 will soon view a two bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has seventy years residual lease term on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • I intend to buy a one bed flat in Barnes Cray for asking price of 145k, which has sixety eight years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Barnes Cray. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • 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 extending the lease?
  • Me and my partner have been in discussion with our freeholder after having a valuation on our 2 bed flat in Barnes Cray. We have a sixety five year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount 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.
  • I am currently negotiating a lease extension for my flat in Barnes Cray as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We have a one bedroom apartment in Barnes Cray with a lease of 64 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?
  • I have a lease of 54 years remaining on my flat in Barnes Cray. 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?

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