FAQs concerning Bonvilston Lease Extensions

  • We have just bought a one bedroom second floor purpose built flat based inBonvilston and I'm thinking about a lease extension as soon as practicable e.g. in two years
  • I inherited a studio flat in Bonvilston that I now cannot sell due to the lease needing a lease extension. How long will it take ?
  • I invested in buying a flat in Bonvilston with a leasehold unexpired just under sixety two years and need to extend it. Please can you clarify the next stages
  • Hi, I just randomly found your site. I'm looking for prices on what a lease extension will cost for a garden flat based in Bonvilston. It's up for sale at the moment but has circa 68 years of unexpired leasehold
  • 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?
  • We are considering purchasing a maisonette in Bonvilston which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • I am looking to buy a one bed flat in Bonvilston for asking price of 145k, which has sixety one 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?
  • I am the owner of a purpose-built apartment located in a small development in Bonvilston. The leasehold interest in the flat on a 99 year lease started on 2nd August 1970 with a set yearly rent of 20. I wish to obtain a lease extension. Can I talk with someone to go through my options please?
  • I'm living with my mother and father but have a garden flat in Bonvilston let out which has a sixety six 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 Bonvilston 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 13k. Not sure sure whether to hold on or sell the flat?
  • We know that others in the same building previously had a lease extension, and the landlord was reasonable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Would you recommend such a course of action?

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