Frequently asked questions relating to Buckden Lease Extensions

  • I bought a flat in Buckden with a leasehold unexpired circa seventy years and need to extend it. Please can you clarify the next stages
  • I'm intending to make an offer on a house in Buckden but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect The Royal Bank of Scotland giving us the mortgage now?
  • I am about to put an offer in on a 2 bed flat in Buckden with a lease of fivety five years but have no idea how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Buckden, and my lease will reach 65 years this July. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I own a two bedroom ground floor purpose built maisonette in Buckden. I am looking for a lease extension on the property. It is circa eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I am about to view a two bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 66 years residual lease term on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am a freeholder of a block of flats in Buckden, and the tenants are in the process of being issued lease extensions. I should hopefully get the money next month. As I am not on self assessment do I write to HMRC ?
  • I am planning to extend the lease on my garden flat in Buckden I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living at mother and father but have a garden flat in Buckden let out which has a fivety eight 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 Buckden 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?
  • My husband and I are buying a 2 bed flat in Buckden which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of extending the lease. The seller’s lawyer has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do a "priority search" on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we must wait until the lease extension has actually been registered before completing.?

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