Examples of recent questions relating to Lease Extensions in Bishops Waltham

  • I need to extend my existing lease can you assist? I think it has seventy eight years left
  • I acquired a one bedroom apartment in Bishops Waltham. I am looking to extend lease on the property. It is nearing eighty years. I would just like to know what your charges are and how long the process takes.
  • I am a FTB of a leasehold flat in Bishops Waltham. The lease has only fivety eight years residual lease term and ground rent is £50. Is it possible for the current owner to serve the Section 42 Notice and then transfer over the right to me as the buyer on the day of completion so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the current owner? Unfortunately it’s the case of an absent landlord, so I am not sure how does it work.
  • 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?
  • If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Bishops Waltham for a one bed flat - sec 42 is already in place?
  • My fiance and I are in the throws of buying a home (a one bed flat located inBishops Waltham with share of freehold). Throughout our search, we were always looking at properties that had at least 83 years residual lease term. We came across a apartment we fell in love with and the estate agent promised us that the lease term was not an issue. Yesterday our informed us the lease only has seventy three years and therefore needs a lease extension. Should we walk away, or do 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?
  • Are you able to provide an estimate to extend my mother’s lease on a studio flat in Bishops Waltham. She recently got a figure from the landlord for a lease extension but I am unclear whether it is reasonable.
  • I have 74 years remaining on my lease of a ground floor flat in Bishops Waltham, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Bishops Waltham

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