Binfield Lease Extensions: Q and A’s

  • I am the registered owner of a maisonette in Binfield with a leasehold unexpired of seventy one years. I am wondering about what I will need to spend to extend my lease
  • I am the owner of a maisonnette together with the freehold reversion. The owners of the upstairs flat have asked to extend the lease what do I need to do?
  • Is it possible to talk with you about a leasehold property in Binfield, I am considering buying at auction next month. The flat has a short lease and I am curious about how much it would cost to get a lease extension and for your services.
  • I am about to view a one bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 77 years residual lease term on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • My mortgage lender requires a £600 fee for their for a "deed of substituted security" for the lease extension for my flat in Binfield... I can find no reference of this in my mortgage booklet... is this a standard cost that they charge?
  • We have a first floor flat in Binfield with 66 years to run. Last year we were quoted a deal to receive a lease extension for a further thirty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 9k. Finally we have decided to move forward but do we now have to renegotiate?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • It says on your website the anticipated fee to extend a lease is £495. Is that the all inclusive cost excluding vat and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my garden flat in Binfield
  • We are hoping to purchase a flat (a studio flat based inBinfield with share of freehold). Throughout our search, we were always looking at flats that had at least 83 years unexpired. We identified a place we liked and the selling agent promised us that the lease term was not an issue. Yesterday our told us the lease only has 66 years and therefore requires a lease extension. Do we run away, or should we negotiate our offer?
  • I own the freehold reversion of a property in Binfield where the leaseholder would like a lease extension. Her valuer has given a figure of £9,000, but has increased this to £10,000 at the drop of a hat. My valuer has recommended a much higher premium. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what fee would I be likely to incur?

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