Sample questions relating to Borough Green Lease Extensions

  • We are in a building comprising four flats in Borough Green and have been offered to buy the freehold for £5000 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?
  • Is it possible to talk with you about a leasehold property in Borough Green, I am thinking of buying at auction in the next few days. The flat only has a few years unexpired lease and I was wondering about how much it would cost to get a lease extension and for your services.
  • I own a share of the freehold. There are three apartments in the block. All the leaseholders are now seeking lease extensions. What are the timescales to grant a lease extension?
  • I am looking to buy a one bed flat in Borough Green for asking price of 125k, which has sixety 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 a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • We have owned a leasehold flat for approximately eighteen years. There are 54 years remaining on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would welcome some independent thoughts.
  • I own the freehold reversion of a property in Borough Green and a leaseholder would like a lease extension. Her so called valuation expert has provided a figure of £8,000, but has upped this by £2,000 without too much effort. My valuer has recommended a much higher amount. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
  • I require an estimate to extend my mother’s lease on a garden flat in Borough Green. She recently got a figure from the landlord for a lease extension but I am not sure it is reasonable.
  • I am currently negotiating a lease extension for my flat in Borough Green as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Borough Green
  • I have a lease of 71 years remaining on my flat in Borough Green. 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 Borough Green