Berkeley Lease Extensions: Q and A’s

  • Me and my partner have just purchased a one bedroom apartment based inBerkeley and I'm deliberating extending the lease as soon as practicable e.g. in a couple of years
  • I have a share of the freehold. There are three flats in the block. All the leaseholders are now looking for lease extensions. What's your solicitors fee?
  • We are considering purchasing a three bedroom first floor purpose built flat in Berkeley which is a leasehold. I am enquiring as to the pros and cons of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
  • I am planning to extend the lease on my maisonette in Berkeley I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • Coming up to 2 years that I have been in my garden flat in Berkeley. I have seventy seven years left on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 350K, 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: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
  • Me and my fiance have been in discussion with our freeholder after having a valuation on our one bedroom first floor purpose built maisonette in Berkeley. We have a sixety three year lease and we wish to increase this to 99. The Freeholder has supplied 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.
  • Just a quick one, how much does it cost for a lease extension on a residential property in Berkeley for a one bed flat - sec 42 is already in place?
  • Me and my partner are hoping to buy a property (a one bedroom apartment located inBerkeley with share of freehold). Throughout our search, we were always looking at properties that had at least 84 years residual lease term. We came across a apartment we liked and the estate agent assured that the lease term was not an issue. This morning our informed us the lease only has 58 years and thus requires a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am currently negotiating a lease extension for my flat in Berkeley 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 studio flat in Berkeley with a lease of sixety five years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

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