Top Ten Questions relating to Burgess Hill Lease Extensions

  • I am looking for a in Burgess Hill and they need to be on the Chelsea Building Society approved conveyancers panel as we need a lease extension and remortgage at the same time. Can you recommend any please ?
  • I am looking to buy a 2 bed flat in Burgess Hill with a lease of sixety two 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 am thinking about whether to purchase the freehold or a lease extension of my property in Burgess Hill and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with Virgin Money to release of equity. My adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease began in 1979 and since then the ground rent has increased from £38.00 per year to £200 per year.
  • I'm looking for a flat to purchase in Burgess Hill and I'm not really familiar with the leasehold tenure. I've found a three bed flat I like with a 87 years lease. My research reveals that I can get a lease extension having owned the property for a couple of years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
  • I am in need of a lease extension for my flat in Burgess Hill and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am the freeholder of a Georgian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 66 years. What are my next steps?
  • I note that your website states the likely fee to extend a lease is £495. Is that the all inclusive cost including vat and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my maisonette in Burgess Hill
  • I'm looking at acquiring a flat in Burgess Hill valued at £256,000 the flat has approximately seventy four years left on the lease. My offer was conditional upon a lease extension... .. that was back in November, expecting I'd have moved in by Christmas. The seller has just come back saying they are willing to reduce the price by£8k if I deal with the lease extension myself. I'm not sure whether that's a good idea
  • I own the freehold of a couple of flats. Someone has the lease on the ground flat in Burgess Hill. I reside in the upper flat. I was reviewing the land registry documents recently when I noticed that my flat has a lease on it. There is 73 years unexpired. Is it possible to carry out a lease extension without retaining a ?
  • We know that others in the same building had already had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Would you recommend such a course of action?

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