Top Ten Questions relating to Benfleet Lease Extensions

  • Hello, I stumbled across your site. I'm looking for prices on what it cost to extend a lease of a a property located in Benfleet. It's up for sale at the moment but has circa fivety four years of unexpired leasehold
  • I invested in buying a property in Benfleet and it has slightly more than 58 years residual lease term. I'd like to arrange a lease extension by twenty years
  • We acquired a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Benfleet and are therefore thinking about the option of a vesting order. Is this something you can help us with?
  • I am looking to either purchase the freehold or a lease extension of my property in Benfleet and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a refinance with National Westminster Bank to free up equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease started in 1972 and since then the ground rent has been raised from £15.00 per annum to £100 per year.
  • I'm looking for a flat to purchase in Benfleet and I'm not really familiar with the leasehold concept. I've found a one bedroom apartment I like with a 90 years lease. My research reveals that I can apply for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Skipton Building Society?
  • I am concerned that my niece might be having the wool pulled over her eyes. She put in an offer on a two bedroom ground floor purpose built maisonette in Benfleet, where the lease is roughly 73 years but she was advised by the estate agents that the owner had extended it to 125 years. Only now has she been advised the seller was waiting for her to appoint conveyancers ahead of instigating the lease extension. Sounds underhand, also it could take months to sort it all out. What do you think?
  • My wife and I had entered into a purchase of a one bedroom apartment in Benfleet. I was advised that the lease had been lengthened (sixety years unexpired lease prior to extension). The sales particulars said "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The owner apparently has a quote but no finances to extend as a result the flat owner intends to exchange and use the deposit monies to extend the lease. My question is as the lease hasn't been extended is there not a danger that Yorkshire Building Society won't lend on a lease?
  • I'm looking for some assistance concerning extending the lease on my maisonette. I'll be looking to do this in nine months time as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. You are able to recommend a good property lawyers who specialises in lease extensions. Preferably based in Benfleet?
  • I am currently negotiating a lease extension for my flat in Benfleet 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 wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Benfleet
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    Lease Extensions in Benfleet

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