Bingham Lease Extensions

Frequently asked questions relating to Bingham Lease Extensions

I have shares in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leasehold owners want to extend their leases and I'm enquiring about the procedure for this

I am looking for a lease extension on the lease on my three bed flat in Bingham which will have 72 years outstanding in June. What fees do you charge for this?

I need to extend my existing lease can you assist? My investigation with the Land Registry reveal that it has sixety seven years unexpired

I need to negotiate a lease extension for a flat in Bingham and want to use a local . Are you able to help me find a ?

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 am looking to either purchase the freehold or a lease extension of my property in Bingham 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 Barclays Direct to release of equity. My adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease began in 1972 and since then the ground rent has increased from £25.00 per annum to £100 per year.

My mortgage lender is requesting a £450 fee for their for a "deed of substituted security" for the lease extension for my flat in Bingham... I am unable to find any mention of this in my mortgage contract... is this a standard charge?

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?

Me and my sister are in the throws of buying a flat (a studio flat based inBingham with share of freehold). Throughout our search, we were always looking at apartments that had a minimum ninety years unexpired. We found a place we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. This morning our told us the lease only has seventy seven years and thus needs a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

We currently own a one bedroom apartment in Bingham and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety three years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?

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