Bromley Lease Extensions

Frequently asked questions relating to Bromley Lease Extensions

My fiance and I are thinking about a lease extension for our flat based in Bromley and we don't fully understand the communication that we got from our landlord company. Can you please help us with this situation?

I bought a property in Bromley and it has nearon 57 years remaining. I'd like to arrange a lease extension by twenty years

I'm planning on purchasing a 2 bed flat (leasehold) but the freeholder has been absent for slightly less than 15yrs. I wonder whether it will be less expensive to try to purchase the reversionary title or to extend lease and apply for right to manage?

Is it possible to talk with you about a leasehold property in Bromley, I am considering buying at auction next month. The flat only has a few years left and I am curious about what it would cost to get a lease extension and for your services.

My mortgage provider is requesting a £450 fee for their conveyancing practitioners to approve the lease extension deed for my flat in Bromley... I can find no reference of this in my mortgage literature... is this a standard charge?

I am looking at bidding for an auction property and found a one bed flat in Bromley. It has just 41 year lease..the vendor as mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this other than the expensive fee to put a new lease on it and decreased chance of getting a mortgage with Britannia?

Coming up to 2 years that I have owned my studio flat in Bromley. I have sixety years unexpired lease on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?

Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Bromley for a one bed flat - sec 42 is already in place?

My wife and I are worried about seeking a lease extension from a difficult freeholder. Regardless of the fact that the legal procedures were followed under the appropriate legislation, the landlord still attempted to get ground rent of £200 doubling every 25 years of the new lease. Can you help?

We know that others in the same building had already had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on previous prices . This would save on double valuation charges. Would you recommend such a course of action?

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