Braintree Lease Extensions: Q and A’s

  • I am thinking about a lease extension for our garden flat in Braintree and we are confused by the letter that we received from our freehold company. Can you please assist us with this situation?
  • I’m just looking for a two bedroom second floor purpose built flat to buy in the Braintree area and was wondering how much would it cost for a lease extension? It has 79 years outstanding...
  • I purchased a flat in Braintree with a leasehold unexpired circa sixety seven years and need to extend it. Please can you clarify the next steps
  • What will I need to spend and what is the best way to get a lease extension started? I have around 56 years outstanding on my lease on a maisonette in Braintree. I have contacted the managing agents who act on behalf of the landlord and they sent me the number of the surveyor. I left a phone message for the valuer but I am not receiving any returned calls.
  • My mortgage lender is requesting several hundred pounds for their conveyancers to approve the lease extension deed for my flat in Braintree... I can find no mention of this in my mortgage contract... is this a usual charge?
  • I am looking at buying an auction property and found a one bed flat in Braintree. It has just 50 year lease..the current owner as mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this except for the costly fee to extend the lease and decreased chance of getting a mortgage with Bank of Ireland?
  • Me and my fiance are considering buying a three bed flat in Braintree which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • My wife and I have owned a leasehold flat for approximately fifteen years. It now has 69 years left on the lease. After a year of difficult negotiations through my conveyancing practitioners 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 appreciate advice.
  • I am hoping to extend the lease on my one bedroom apartment in Braintree I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • Coming up to two years that I have owned my one bedroom apartment in Braintree. I have sixety eight years unexpired lease on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
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    Lease Extensions in Braintree

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