Bozeat Lease Extensions

Examples of recent questions relating to Lease Extensions in Bozeat

My wife has a flat in Bozeat which we are about to put on the market. The leasehold has slightly less than 57 years outstanding on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Many thanks.

My mortgage provider requires a £500 fee for their to agree a lease extension for my flat in Bozeat... I can find no mention of this in my mortgage booklet... is this a standard charge?

I am thinking about purchasing an auction property and found a studio flat in Bozeat. It only has a fifty-one year lease..the current owner being mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and reduced chance of obtaining a mortgage with HSBC Bank?

We have a GFF located in Bozeat. There is 80 years left on the lease and we want to extend the lease. How much does it cost on average to get a lease extension by, say,ninety years

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?

My brother and I have owned a leasehold flat for approximately eighteen years. It now has seventy eight years unexpired lease on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate advice.

My nephew is aware that others in the same block previously had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation fees. Would you recommend this course of action?

We currently own a one bedroom apartment in Bozeat and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 75 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?

I am currently negotiating a lease extension for my flat in Bozeat 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 have a lease of seventy seven years remaining on my flat in Bozeat. 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?

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