FAQs concerning Burton upon Stather Lease Extensions

  • I’m looking for lease extension for our apartment in Burton upon Stather and we don't fully comprehend the letter that we received from our freehold company. Can you please assist us with this situation?
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 798 years balance left so a lease extension is not a worry. 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 25 years without the house being ours. Any guidance would be much appreciated.
  • I invested in buying a one bed flat in Burton upon Stather. The start date for the lease was in 1992 for 99 years. Now I am looking for a lease extension. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
  • I'm thinking of buying a garden flat (leasehold) but the landlord has been absent for nearon 15yrs. My query is would it be less expensive to try to buy the reversionary title or to get a lease extension and apply for right to manage?
  • We would like to extend our lease. We will have been in the place for two years as of 1st Feb 2016. It has around seventy two years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as is reasonably achievable.
  • I am the owner of a purpose-built flat in a large development in Burton upon Stather. The leasehold interest in the flat on a ninety five year lease started from 11th August 1970 with a set ground rent of £10 per annum. I would like to obtain a lease extension. Is it possible for me to call someone to go through my options please?
  • Me and my wife would like to know the cost of a lease extension valuation for a property based in Burton upon Stather. Would you be able to help?
  • I'm living with my mum and dad but have a one bedroom second floor purpose built flat in Burton upon Stather let out which has a sixety 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 Burton upon Stather 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 21k. Not sure sure whether to hold on 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 garden flat in Burton upon Stather. I reside in the top flat. I was looking at the title deeds yesterday when I noticed that my flat has a lease on it. There is seventy three years left. Is it possible to do a lease extension without retaining a ?

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