Top Ten Questions relating to Brigg Lease Extensions

  • I inherited a flat in Brigg with a leasehold unexpired about 73 years and need to extend it. Please can you clarify the next steps
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • The terms for the lease on my flat in Brigg are 99 years from 14 Jan 1988. Can you give me a quote to extend the lease if I give you more details please?
  • I am a FTB of a leasehold flat in Brigg. The lease has just 71 years outstanding and ground rent is £25. Is it possible for the flat owner to serve the Initial Notice and then assign this right to me as the buyer on the day of completion so that I can avoid waiting for the 2 year requisite 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 costly to the seller? Unfortunately the landlord is absent, so I am not sure how this will play out.
  • I would like some help on leasehold property buying. We are going to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Brigg area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • I am the freeholder of a 1930’s property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety nine years. What are my next steps?
  • Coming up to 2 years that I have owned my one bed flat in Brigg. I have fivety six yrs unexpired lease on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to the tribunal etc)?
  • If a leaseholder 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 doing it?
  • I note that your website states the likely fee to extend a lease is £495. Is that the total cost excluding value added tax and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my ground floor flat in Brigg
  • I require an estimate to extend my mother’s lease on a maisonette in Brigg. She already has a price from the freeholder for a lease extension but I am far from certain if it is too high.

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