Bury St Edmunds Lease Extensions: Q and A’s

  • I’m just looking for a a property to purchase in the Bury St Edmunds area and was enquiring how much would it cost to extend a lease? It has seventy three years remaining...
  • I am looking to extend the lease on my studio flat in Bury St Edmunds which will have 66 years unexpired lease in January. What fees are applicable?
  • I bought a one bedroom second floor purpose built flat located in Bury St Edmunds with a leasehold unexpired of fivety five years. I am curious about what it will cost me to extend my lease term
  • I have a leasehold apartment in Bury St Edmunds. I have built a big extension and have not informed my freeholder. What are my options?
  • I have my suspicions that my niece might have had the wool pulled over her eyes. She submitted an offer on a ground floor flat in Bury St Edmunds, where the lease is nearly 58 years but she was informed by the selling agents that the vendor had extended it to 99 years. Only now has she been informed the homeowner was holding off for her to retain solicitors ahead of instigating the lease extension. Seems devious, also it will take months to sort it all out. Am I being too sceptical?
  • My husband and I have a leasehold flat in Bury St Edmunds with 61 years left. Last year we were quoted a deal to have a lease extension for another fifty years but also uplift the ground rent from notional to £250 per annum..plus a premium I think of approximately 9k. Finally we have decided to proceed but do we now have to start the negotiations again?
  • I intend to buy a one bed flat in Bury St Edmunds for asking price of 156k, which has fivety six years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm intent on acquiring a flat in Bury St Edmunds valued at £210,000 the flat has just under seventy years left on the lease. My offer was conditional upon the lease being renewed... .. that was back in September, hoping I'd have completed before Christmas. The owner has just informed the agent that they are prepared to reduce the price by£2k if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • We know that others in the same building previously had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?
  • I have 55 years remaining on my lease of a ground floor flat in Bury St Edmunds, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

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