Questions and Answers: Bromley Lease Extensions

  • My name´s Muhammad. I’m property hunting in Bromley I'm seeing a garden flat online, with circa 75 years left, how much does it cost on average to extend in this area by, say, ninety years?
  • I’m about to offer on a a property to buy in the Bromley area and was enquiring how much would it cost for a lease extension? It has 67 years as a balance left...
  • Hello, I just randomly found your site. I'm looking for prices on what it cost to extend a lease of a ground floor flat in Bromley. It's up for sale at the moment but has around 54 years left on the lease
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Bromley, and my lease will reach 67 years this December. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • My mortgage provider requires several hundred pounds for their to agree a lease extension for my flat in Bromley... I can find no reference of this in my mortgage guide... is this a normal charge?
  • I'm living with my parents but have a two bedroom ground floor purpose built maisonette in Bromley let out which has a 68 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Bromley for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • We know that others in the same building had already had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?
  • I am currently negotiating a lease extension for my flat in Bromley as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom apartment in Bromley
  • I'm looking for some advice with regard to a lease extension on my one bed flat in Bromley. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Can you recommend a good who specialises in lease extensions?

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