Questions and Answers: Brough Lease Extensions

  • My name´s John. I’m flat hunting in Brough I'm seeing a three bedroom first floor purpose built maisonette online, with nearon 54 years left, how much does it cost on average to get a lease extension by, say, 25 years?
  • I want to buy a leasehold property and extend the lease. The vendor has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I own a maisonnette and the freehold. My downstairs neighbours have asked to extend the lease what do I need to do?
  • The terms for the lease on my flat in Brough are 99 years from 14 Sep 1980. Please give me a quote for a lease extension if I give you more details please?
  • I am a FTB of a leasehold flat in Brough. The lease has just fivety nine years unexpired and ground rent is £75. Is it possible for the owner to serve the Section 42 Notice and then transfer this right to me as the purchaser on the day of completion so that I don't have to wait for the two 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 achievable but will it be very time costly to the seller? To add to the complexity the freeholder is absent, so I am not sure how this will play out.
  • My mortgage lender requires several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Brough... I can find no reference of this in my mortgage booklet... is this a standard charge?
  • I am seeking advice as I am interested in a property that has only a 67 year lease and therefore requires a lease extension. Is it possible for me to talk with someone to go through my options please?
  • I am the freeholder of a Edwardian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 58 years. What are my next steps?
  • I'm looking at purchasing an apartment in Brough valued at £210,000 the flat has something like 66 years remaining on the lease. I put in an offer subject to a lease extension... .. that was back in September, expecting I'd have moved in by now. They have just informed the agent they are willing to reduce the price by£2k if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
  • Do you handle lease extensions on land? (a plot of land in Brough with 82yrs remaining)

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