Farnborough Lease Extensions Example Support Desk Enquiries

  • My co-lessees and I are in a block containing five flats in Farnborough 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?
  • I am about to view a two bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has sixety six years remaining on the lease. It is also a repossession so I'm guessing that the bank will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • We would like to extend our lease. We will have been in the apartment for two years as of 22nd Feb 2016. It has nearly 68 years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.
  • My husband has a share of freehold, with two other leaseholders in a building in Farnborough. House split into three apartments. He has a lease, which has approximately 60 years unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
  • My fiance and I have owned a leasehold flat for about twenty years. It now has 69 years outstanding on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would welcome advice.
  • I'm living at mum and dad but have a studio flat in Farnborough let out which has a 70 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 Farnborough 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 13k. Should I keep or sell the flat?
  • I'm looking at purchasing an apartment in Farnborough valued at £210,000 the flat has just under sixety eight years unexpired on the lease. My offer was subject to a lease extension... .. that was back in September, expecting I'd be in before Christmas. The seller has just come back saying they'll knock £3k off if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • We are in the throws of buying a flat (a one bedroom apartment inFarnborough with share of freehold). Throughout our search, we were always looking at apartments that had at least eighty five years residual lease term. We found a apartment we liked and the estate agent assured that the lease was long albeit not specifying a number. This morning our told us the lease only has 57 years and therefore requires a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • We currently own a one bedroom second floor purpose built flat in Farnborough and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 67 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • I'm looking for some advice with regard to a lease extension on my ground floor flat in Farnborough. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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