Recently asked questions relating to Bourne Lease Extensions

  • I am the registered owner of a flat in Bourne with a leasehold unexpired roughly seventy years and need to extend it. Please can you advise me of the next steps
  • I am fairly sure that our has advised us incorrectly concerning a lease extension and I want to know how to complain
  • I acquired a garden flat based in Bourne with a leasehold unexpired of 57 years. I am enquiring about how much it will cost me to extend my leasehold
  • I plan on buying a flat located in Bourne. My offer is subject to the lease extension. The homeowner’s has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • My husband and I have a ground floor flat in Bourne with seventy six years unexpired. Last year we were quoted a deal to grant a lease extension for another thirty years but also increase ground rent from nominal to £200 per annum..plus a premium I think of approximately 10k. Finally we have decided to move forward but do we now have to start the negotiations again?
  • 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 somebody owns a flat with a lease of under 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 doing it?
  • We have been in discussion with our freeholder after having a valuation on our maisonette in Bourne. We have a 67 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I have fivety eight years remaining on my lease of a ground floor flat in Bourne, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • Do you handle lease extensions on land? (a plot of land in Bourne with 82yrs remaining)

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