FAQs concerning Biddenham Lease Extensions

  • My name´s Hugo. I’m property hunting in Biddenham I'm seeing a one bedroom second floor purpose built maisonette online, with approximately 73 years remaining, how much does it cost on average to extend in this location by, say, fifty years?
  • I invested in buying a flat in Biddenham with a leasehold unexpired around seventy seven years and need a lease extension. Please can you clarify the next steps
  • I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leaseholders want to extend their leases and I'm curious about the the process
  • The intention is to sell our garden flat in Biddenham but we may need to extend the lease, or at least cover the costs of our buyers. Are you able to help me find a to help us?
  • Is it possible to talk with you about a flat in Biddenham, I am considering buying at auction next week. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.
  • I am considering buying an auction property and identified a one bed flat in Biddenham. It has just fifty year lease..the current owner being mortgagees in possession will not want to mess around with applying for a lease extension..what are the disadvantages of this other than the costly fee to extend the lease and reduced chance of getting a mortgage with Barnsley Building Society?
  • My partner and I have a first floor flat in Biddenham with 55 years remaining. Last year we were quoted a deal to have a lease extension for another 25 years but also uplift the ground rent from notional to £300 per annum..plus a premium I think of approximately 10k. We have now decided to proceed but do we now have to renegotiate?
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 73 years. I need a at my end. Can you advise please? I live near Biddenham and have a mortgage with Britannia.
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Biddenham for a two bed flat - sec 42 having been issued?
  • I am currently negotiating a lease extension for my flat in Biddenham 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 Biddenham