FAQs concerning Bickley Lease Extensions

  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I own a maisonnette and the freehold title. My downstairs neighbours have asked for a lease extension what do I need to do?
  • I am a FTB of a leasehold flat in Bickley. The lease has just 72 years residual lease term and ground rent is £50. Is it possible for the vendor to serve the Notice of Claim and then transfer over the right to me as the buyer on the day of completion so that I can avoid waiting for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the homeowner? To add to the complexity it’s the case of an absent landlord, so I am not sure how this will play out.
  • I have a share of the freehold. There are three flats in the building. All the leaseholders are now seeking lease extensions. Are you able to assist us with this situation?
  • I would like some help on purchasing a leasehold residence. We hope to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Bickley area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • My husband has a share of freehold, with two other leaseholders in a building in Bickley. House converted into three apartments. He has a lease, which has about 74 yrs left. 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?
  • I'm living at mum and dad but have a one bed flat in Bickley let out which has a 54 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Bickley for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • Just been over two years that I have been in my one bedroom second floor purpose built flat in Bickley. I have 63 years remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased 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: In terms of surveyors - how do I go about finding one?
  • I have 63 years remaining on my lease of a ground floor flat in Bickley, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • Do you handle lease extensions on land? (a plot of land in Bickley with 82yrs remaining)

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