Questions and Answers: Broadstone Lease Extensions

  • I'm planning on purchasing a ground floor flat (leasehold) but the landlord has been absent for around 15yrs. I wonder whether it will be cheaper to try to acquire the freehold or to get a lease extension and apply for right to manage?
  • I am a FTB of a leasehold flat in Broadstone. The lease has just 79 years balance left and ground rent is £95. Is it possible for the owner to serve the Notice of Claim and then assign this right to me as the purchaser 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 consuming to the owner? Unfortunately the freeholder is absent, so I am not sure how does it work.
  • I would like to know how much it would financials and the optimum way to get a lease extension started? I have about fivety nine years remaining and I own a two bedroom ground floor purpose built maisonette in Broadstone.
  • I am considering acquiring an auction property and came upon a studio flat in Broadstone. It has just fifty year lease..the seller as mortgagees in possession will not want to mess around with applying for 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 Clydesdale?
  • My nephew has a share of freehold, with two other leaseholders in a building in Broadstone. House converted into three flats. He has a lease, which has just over sixety six yrs outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am in need of some help with a lease extension. I live in Glasgow but the flat in question is based in Broadstone. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • We have been in discussion with our freeholder after having a valuation on our ground floor flat in Broadstone. We have a 70 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • Me and my wife are hoping to purchase a property (a garden flat inBroadstone with share of freehold). Throughout our search, we were always looking at apartments that had a minimum ninety years balance left. We came across a place we liked and the estate agent promised us that the lease term was not an issue. Today our advised us the lease only has 56 years and therefore requires a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • Are you able to provide an estimate to extend my mother’s lease on a two bedroom second floor purpose built maisonette in Broadstone. She recently got a figure from the landlord for a lease extension but I am far from certain if it is reasonable.
  • We have a studio flat in Broadstone with a lease of fivety seven years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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