Biggin Hill Lease Extensions: Q and A’s

  • Hello, I just randomly found this website. I'm looking for prices on what it cost to extend a lease of a three bed flat based in Biggin Hill. It's on sale at the moment but has slightly more than 74 years left on the lease
  • My co-lessees and I are in a block consisting of three flats in Biggin Hill and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I will soon view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has fivety seven years left on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • Offer accepted on a a studio flat in Biggin Hill, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer in writing through the post which states the lease as 82 years.Contracts were due to be exchanged in a couple of days. My question is Is it not odd that my didn't pick this up far earlier than just before exchange?
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • Although I do not need a lease extension but I do need a vesting order on a property I want to acquire in Biggin Hill. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the rear garden.
  • My fiance and I have been in discussion with our freeholder after having a valuation on our studio flat in Biggin Hill. We have a 78 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that he 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.
  • We know that others in the same block previously had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?
  • I am currently negotiating a lease extension for my flat in Biggin Hill 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?
  • Do you handle lease extensions on land? (a plot of land in Biggin Hill with 82yrs remaining)

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