FAQs concerning Bishops Waltham Lease Extensions

  • I’m just looking for a garden flat to purchase in the Bishops Waltham area and was curious how much would it cost for a lease extension? It has seventy two years residual lease term...
  • I want to acquire a leasehold property and extend the lease. The vendor has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • The intention is to sell our one bedroom first floor purpose built maisonette in Bishops Waltham but we may need to extend the lease, or at least cover the costs of our buyers. Can you recommend a to assist?
  • I am looking to either 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 £2500 to extend the lease. I will be doing a get a new mortgage with The Mortgage Works to release of equity. My adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease began in 1972 and since then the ground rent has been raised from £38.00 per annum to £125 per annum.
  • I intend to buy a one bed flat in Bishops Waltham for asking price of 145k, which has fivety seven 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 surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My husband has a share of freehold, with two other leaseholders in a building in Bishops Waltham. House split into three apartments. He has a lease, which has circa sixety nine years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • We have owned a leasehold flat for around fifteen years. It now has 58 years outstanding on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would welcome some independent thoughts.
  • I'm living at mother and father but have a garden flat in Bishops Waltham let out which has a sixety one year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Bishops Waltham for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Bishops Waltham for a three bed flat - sec 42 is already in place?
  • Are you able to provide an estimate to extend my mum’s lease on a ground floor flat in Bishops Waltham. She already has a price from the landlord for a lease extension but I am unclear whether it is too high.

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