Frequently asked questions relating to Burton Bradstock Lease Extensions

  • I own a maisonnette together with the freehold of both flats. The owners of the downstairs flat have asked for a lease extension what do I need to do?
  • I am going to purchase a flat located in Burton Bradstock. My offer is subject to the lease extension. The seller’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Santander. Moreover, which are the following lease extension steps to complete the purchase?
  • The terms for the lease on my apartment in Burton Bradstock are 99 years from 14 Jan 1990. Please provide me a quote for a lease extension if I give you more information please?
  • I inherited a three bed flat in Burton Bradstock. I am looking to extend lease on the property. It is around eighty years. I would just like to know what your charges are and how long the process takes.
  • I am looking to buy a one bed flat in Burton Bradstock for asking price of 125k, which has fivety four 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 query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • Me and my OH would like to know the cost of a lease extension valuation for a property based in Burton Bradstock. Is this something you can help us with?
  • Coming up to two years that I have owned my garden flat in Burton Bradstock. I have 78 yrs left on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 450k. 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 financing - do they add it to their existing mortgage or pay it out in cash?
  • 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 to two flats. Someone has the lease on the ground flat in Burton Bradstock. I occupy in the top flat. I was looking at the title deeds last night when I noticed that my flat has a lease on it. There is fivety four years remaining. Is it possible to do a lease extension without retaining a ?
  • We have a garden flat in Burton Bradstock with a lease of 79 years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?

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