Bury St Edmunds Lease Extensions: Q and A’s

  • I’m just looking for a maisonette to purchase in the Bury St Edmunds area and was interested in finding out what the likely fees would be to extend a lease? It has seventy seven years outstanding...
  • I have an interest in the freehold of buildings comprising of six flats each. 2 of the leaseholders want a lease extension and I'm enquiring about the procedure for this
  • I want to acquire a leasehold property and lease extension. The current owner has been there over two 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 ?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has 57 years residual lease term.
  • I invested in buying a studio flat in Bury St Edmunds with a leasehold unexpired of 63 years. I am wondering about what I will need to spend to extend my lease term
  • I am looking into the costs of carrying out a lease extension for my garden flat in Bury St Edmunds, and would like some figures on that.
  • I intend to buy a one bed flat in Bury St Edmunds for asking price of 145k, which has sixety 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 the freeholder 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?
  • If somebody 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 extending the lease?
  • We know that others in the same building previously had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on on the prices by others . This would save on double valuation charges. Would you suggest such a course of action?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom first floor purpose built maisonette in Bury St Edmunds

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