Top Ten Questions relating to Buntingford Lease Extensions

  • I bought a property in Buntingford and it has slightly less than seventy three years residual lease term. I'd like to extend the lease period
  • I have a lease of 64 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • Hi. I need a to have a look at 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 variations.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Buntingford, and my lease will reach sixety one years this December. 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'm looking for a flat to buy in Buntingford and I'm not really familiar with the leasehold concept. I've found a garden flat I like with a 87 years lease. My research reveals that I can go for a lease extension having owned the property for a couple of years, but:- Should I be looking at some conditions that would prevent me for getting a lease extension?
  • I'm living with my parents but have a garden flat in Buntingford let out which has a 72 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 Buntingford 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 19k. Should I keep or sell the flat?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the lower flat in Buntingford. I live in the top flat. I was reviewing the land registry documents today when I noticed that my flat has a lease on it. There is sixety one years unexpired. If I want to do a lease extension then would I simply be paying for the costs?
  • I am currently negotiating a lease extension for my flat in Buntingford 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?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Buntingford

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