Brandon Lease Extensions: Q and A’s

  • We agreed with the landlord for a lease extension on our flat in Brandon, 7k for a further 90yrs. How long will it take ?
  • I'm about to make an offer on a house in Brandon but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Godiva Mortgages Ltd giving us the mortgage now?
  • I am the registered owner of a ground floor flat in Brandon. The lease commenced in 1997 for 99 years. Now I am looking for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
  • My co-lessees and I are in a building comprising three flats in Brandon and have been offered to buy the freehold for £6000 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?
  • I am a first time buyer of a leasehold flat in Brandon. The lease has just sixety years remaining and ground rent is £95. Is it possible for the vendor to serve the Section 42 Notice and then transfer this right to me as the purchaser once I complete the buying process so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the flat owner? To add to the complexity it’s the case of an absent freeholder, so I am not sure how this will play out.
  • Are you able to advise on how much it would financials and the best way to get a lease extension started? I have roughly 60 years remaining and I own a garden flat in Brandon.
  • I am the freeholder of a 1930’s property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 67 years. What are my next steps?
  • If somebody owns a flat with a lease of less than 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 extending the lease?
  • I am concerned about obtaining a lease extension from tricky freeholder. Regardless of the fact that the legal procedures were followed under the 1993 Act, the freeholder still attempted to charge ground rent of £250 increasing by 100% every twenty five years of the new lease. Can you assist?
  • I require an estimate to extend my aunt’s lease on a garden flat in Brandon. She already has a price from the freeholder for a lease extension but I am far from certain if it is too expensive.
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    Lease Extensions in Brandon

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