Questions and Answers: Burnham On Sea Lease Extensions

  • My name´s Jasper. I’m property hunting in Burnham On Sea I'm deliberating offering on a garden flat online, with just under seventy two years outstanding, how much does it cost on average to get a lease extension by, say, 25 years?
  • I am fairly sure that our has advised us incorrectly concerning a lease extension and I want to know how to complain
  • I own a leasehold flat in the Burnham On Sea area and was curious if I could obtain a lease extension. What are your processes and fees. There are sixety four years unexpired
  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 928 years balance left 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 correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any guidance would be much appreciated.
  • We invested in buying a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Burnham On Sea and are therefore thinking about the option of a vesting order. Is this something you can do for us?
  • Me and my husband have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Burnham On Sea. We have a 63 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I have a leasehold property in Burnham On Sea with 71 years left on the lease. I am looking for a to help me obtain a lease extension. Can you help?
  • Me and my partner are hoping to buy a property (a 2 bed flat inBurnham On Sea with share of freehold). During our search, we were always looking at apartments that had a minimum 83 years left. We came across a flat we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Today our advised us the lease only has fivety six years and thus requires a lease extension. Should we walk away, or should 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 own the freehold reversion of a property in Burnham On Sea and a leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to face?
  • My and my partner know that others in the same building had already had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?

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