Top Ten Questions relating to Buckden Lease Extensions

  • We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 899 years remaining so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any suggestions would be much appreciated.
  • I am looking to purchase a one bedroom apartment in Buckden with a lease of 73 years but have no idea what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I acquired a ground floor flat in Buckden. The lease commenced in 1998 for 99 years. Now I am wanting for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
  • I have my suspicions that my niece might be having the wool pulled over her eyes. She put in an offer on a one bedroom apartment in Buckden, where the lease is around sixety two years but she was told by the estate agents that the owner had extended it to 125 years. She has now been advised the homeowner was holding off for her to instruct solicitors ahead of instigating the lease extension. Sounds underhand, also it may take months to sort it all out. What do you think?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • I am looking to buy a one bed flat in Buckden for asking price of 125k, which has sixety one years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder 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 brother has a share of freehold, with two other leaseholders in a building in Buckden. House divided into three apartments. He has a lease, which has around 59 yrs outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 74 years. I need a at my end. Can you advise please? I live near Buckden and have a mortgage with Godiva Mortgages Ltd.
  • My OH and I are in the throws of buying a property (a ground floor flat inBuckden with share of freehold). During our search, we were always looking at apartments that had a minimum eighty five years unexpired. We came across a flat we fell in love with and the selling agent assured that the lease term was not an issue. Yesterday our informed us the lease only has 79 years and thus needs a lease extension. Do we run away, or do 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'm looking for some advice with regard to a lease extension on my maisonette in Buckden. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions?

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