FAQs concerning Brough Lease Extensions

  • I bought a flat in Brough with a leasehold unexpired around 68 years and need to extend it. Please can you advise me of the next steps
  • I have a lease of sixety seven years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Brough, and my lease will reach 62 years this March. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I have a leasehold apartment in Brough. I have built a big extension and have not informed the freeholder. What are my options?
  • Regarding a leasehold in Brough. upper maisonette. seventy two yrs unexpired. I have negotiated a lease extension price of £12,000 for 135yrs. Freeholder also insisted on Section 42 Notice which I think should not be required. Advice required.
  • I intend to buy a one bed flat in Brough for asking price of 125k, which has 74 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My fiance and I are hoping to acquire a property (a one bedroom apartment inBrough with share of freehold). Throughout our search, we were always looking at properties that had a minimum 84 years outstanding. We found a flat we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. This morning our told us the lease only has seventy six years and thus requires a lease extension. Do we walk 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?
  • I have 69 years remaining on my lease of a ground floor flat in Brough, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I am currently negotiating a lease extension for my flat in Brough 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?
  • Do you handle lease extensions on land? (a plot of land in Brough with 82yrs remaining)

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