Recently asked questions relating to Bishops Waltham Lease Extensions

  • I inherited a flat in Bishops Waltham with a leasehold unexpired approximately seventy eight years and need to extend it. Please can you clarify the next steps
  • My co-lessees and I are in a block comprising five flats in Bishops Waltham and have been offered to buy the freehold for 7k 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?
  • The terms for the lease on my flat in Bishops Waltham are 101 years from 15 Dec 1990. Please provide me a quote for a lease extension if I give you more specifics please?
  • We purchased a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Bishops Waltham and looking to do a vesting order. Is this something you can help us with?
  • I am considering whether to purchase the freehold or a lease extension of my property in Bishops Waltham and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Yorkshire Building Society to release of equity. The broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease started in 1981 and since then the ground rent has been raised from £15.00 per year to £200 per year.
  • I wondered if you could help me on how much it would expense and the optimum way to start the lease extension process? I have roughly 75 years remaining and I own a ground floor flat in Bishops Waltham.
  • I am concerned that my daughter might have had the wool pulled over her eyes. She submitted an offer on a ground floor flat in Bishops Waltham, where the lease is slightly more 65 years but she was informed by the estate agents that the flat owner had extended it to 99 years. Only now has she been told the current owner was waiting for her to retain lawyers ahead of instigating the lease extension. Seems odd to me, also it will take a while to sort it all out. What do you think?
  • I intend to buy a one bed flat in Bishops Waltham for asking price of 145k, which has seventy five years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My wife and I have owned a leasehold flat for around fifteen years. It now has 57 years outstanding on the lease. After a year of difficult negotiations through my conveyancing practitioners and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would welcome advice.
  • I note that your website states the likely fee to extend a lease is £495. Is that the total cost excluding value added tax and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my three bedroom ground floor purpose built flat in Bishops Waltham
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    Lease Extensions in Bishops Waltham

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