Byfleet Lease Extensions

Frequently asked questions relating to Byfleet Lease Extensions

I purchased a flat in Byfleet with a leasehold unexpired circa 78 years and need a lease extension. Please can you clarify the next stages

I have got a leasehold flat in the Byfleet area and was curious whether I could get a lease extension. What are your processes and fees. There are 65 years residual lease term

I'm intending to make an offer on a house in Byfleet but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Nottingham Building Society giving us the mortgage now?

This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?

I'm thinking of purchasing a studio flat (leasehold) but the freeholder has been missing for just under 15yrs. My question is would it be cheaper to try to acquire the freehold or to extend lease and apply for right to manage?

My neighbours and I are in a block comprising four flats in Byfleet and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

My mortgage provider is requesting several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Byfleet... I am unable to find any mention of this in my mortgage literature... is this a standard fee to pay?

I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 56 years. I need a at my end. Can you advise please? I live near Byfleet and have a mortgage with Lloyds TSB Bank.

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 extending the lease?

My and my husband are worried about seeking a lease extension from an objectionable landlord. Notwithstanding that the correct procedures were adhered to under the appropriate legislation, the landlord still attempted to charge ground rent of £250 increasing by 100% every twenty five years of the new term. Can you help?

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Byfleet