FAQs concerning Braintree Lease Extensions

  • I own a property in Braintree and it has circa 74 years balance left. I'd like to extend the lease period
  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 798 years remaining so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any feedback would be much appreciated.
  • The intention is to sell our ground floor flat in Braintree but we may need a lease extension, or at least cover the expense of our purchaser. Can you help me find someone to handle this?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I commence the process, is this correct?
  • I intend to buy a one bed flat in Braintree for asking price of 125k, which has 66 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord 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 in need of some help with a lease extension. I live in Glasgow but the flat in question is based in Braintree. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm looking at acquiring an apartment in Braintree valued at £195,000 the flat has approaching 63 years left on the lease. I put in an offer subject to the lease being extended... .. that was back in June, hoping I'd be in by Christmas. The seller has just come back saying they'll knock £5k off if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Braintree for a two bed flat - sec 42 having been issued?
  • I'm looking for some help with regard to a lease extension on my flat. The plan is to do this in nine months time as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. You are able to recommend a good with expertise in lease extensions. Ideally based in Braintree?
  • My wife and I are aware that others in the same building previously had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you recommend this course of action?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Braintree