Bognor Regis Lease Extensions: Q and A’s

  • My wife has a flat in Bognor Regis which we are about to put on the market. The leasehold has nearon 69 years balance left on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has sixety six years remaining.
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 798 years balance left so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any feedback would be much appreciated.
  • How much will I need to spend and what is the best way to get a lease extension started? I have roughly seventy eight years left on my lease on a maisonette in Bognor Regis. I have emailed the managing agents who represent the landlord and they provided me with the number of the valuer. I left a phone message for the surveyor but I am not receiving any calls back.
  • My mortgage provider is requesting several hundred pounds for their to agree a lease extension for my flat in Bognor Regis... I can find no reference of this in my mortgage literature... is this a normal cost that they charge?
  • I am a freeholder of a block of flats in Bognor Regis, and the tenants are in the process of being issued lease extensions. I should hopefully get the money next week. As I am not on self assessment do I contact the Inland Revenue ?
  • Me and my husband are buying a ground floor flat in Bognor Regis which has share of freehold and a leasehold. The lease was starting to get low so the seller is in the process of dealing with a lease extension. The owner has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our to do OS1 search on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we must be patient until the new lease is registered?
  • I have 55 years remaining on my lease of a ground floor flat in Bognor Regis, 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 have a two bedroom second floor purpose built maisonette in Bognor Regis with a lease of seventy four years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?
  • I have a lease of 76 years remaining on my flat in Bognor Regis. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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