Bromley Lease Extensions: Q and A’s

  • Do you only handle lease extensions in Bromley? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a .
  • Hello. I need someone to review my lease extension ahead of it being completed just to make sure there's nothing that I haven't seen - it's just a reissue with a few small changes.
  • I plan on buying a flat located in Bromley. The offer is conditional upon a lease extension. The owner’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Coventry Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I have my suspicions that my niece is being hoodwinked. She put in an offer on a studio flat in Bromley, where the lease is roughly 57 years but she was informed by the estate agents that the current owner had extended it to 125 years. She has now been informed the owner was holding off for her to instruct lawyers prior to commencing with the lease extension. Sounds underhand, also it will take a while to sort it all out. What do you think?
  • My leasehold flat in Bromley is up for sale and I have a hopefully firm offer. There is 79 years remaining on the lease and I want to extend the lease. What will it likely cost to get a lease extension by, say,fifty years
  • I am seeking advice as I am interested in a property that has only a 68 year lease and therefore requires a lease extension. Can I call someone to go through my options please?
  • Me and my husband have owned a leasehold flat for about twenty years. It now has 75 years remaining on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.
  • It says on your website the anticipated fee to extend a lease is £495. Is that the all inclusive cost including value added tax and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my one bedroom apartment in Bromley
  • My son is aware that others in the same building had already had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Would you recommend this course of action?
  • 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?

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