Recently asked questions relating to Burnham Lease Extensions

  • I want to acquire a leasehold property and lease extension. The vendor has been there for four 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 ?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 899 years residual lease term so a lease extension is not an issue. 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 true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any guidance would be much appreciated.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Burnham, and my lease will reach 58 years this June. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • We are in a building containing four flats in Burnham and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am about to view a one bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 60 years remaining on the lease. It is also a repossession so I'm guessing that the bank will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • My mortgage lender is requesting a £600 fee for their to approve the lease extension deed for my flat in Burnham... I am unable to find any mention of this in my mortgage contract... is this a standard charge?
  • We wish to extend our lease having owned the flat for 2 years as of 21st Jan 2015. It has circa fivety eight years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as possible.
  • Coming up to 2 years that I have owned my three bedroom second floor purpose built flat in Burnham. I have seventy six yrs remaining on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • I have a freehold of a 2 bedroom flat in Burnham. The leaseholders have seventy five years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
  • My wife and I are are hoping to complete on a three bed flat in Burnham which has share of freehold and a leasehold. The lease was starting to get low so the seller is in the process of extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a pre-completion search on the lease. 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 right that we have to wait pending registration of the new lease?

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