Bexhill Lease Extensions

Frequently asked questions relating to Bexhill Lease Extensions

Hello. I need someone to have a look at my lease extension prior to it being signed just to ensure there's nothing that I haven't seen - it's just a reissue with a few small changes.

I am looking to either purchase the freehold or a lease extension of my property in Bexhill 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 Alliance & Leicester to free up equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease commenced in 1991 and since then the ground rent has increased from £15.00 per year to £125 per year.

In 2012 I purchased a leasehold apartment in Bexhill. I have built a large extension and have not informed the freeholder. What should I do?

I have my suspicions that my niece might be having the wool pulled over her eyes. She put in an offer on a ground floor flat in Bexhill, where the lease is just over 77 years but she was informed by the selling agents that the homeowner had extended it to 99 years. Only now has she been informed the current owner was waiting for her to appoint solicitors ahead of instigating the lease extension. Seems underhand, also it could take time to sort it all out. Am I reading too much into it?

I am looking at bidding for an auction property and identified a studio flat in Bexhill. It only has a fifty-one year lease..the vendor being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this except for the costly fee to extend the lease and decreased chance of getting a mortgage with Bank of Scotland?

I am looking to buy a one bed flat in Bexhill for asking price of 125k, which has fivety five years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?

My husband has a share of freehold, with two other leaseholders in a building in Bexhill. House converted into three apartments. He has a lease, which has around 63 years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?

My brother is aware that others in the same building previously had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?

I am currently in the process of refinancing my three bedroom second floor purpose built maisonette in Bexhill and the next lender that I am looking to move to needs at least 85 years on the leasehold of my property in order for them to progress matters. I have discovered that I currently have around sixety nine years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension

I am currently negotiating a lease extension for my flat in Bexhill 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?

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