Frequently asked questions relating to Flitwick Lease Extensions

  • I bought a flat in Flitwick with a leasehold unexpired roughly 72 years and need a lease extension. Please can you clarify the next stages
  • I am looking for a lease extension on the lease on my three bedroom second floor purpose built maisonette in Flitwick which will have seventy years unexpired lease in November. What fees apply?
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 899 years balance left so a lease extension is not an issue. 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 have contacted my freeholder to extend my lease for my flat in Flitwick. His has been in contact regarding fees etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started November 1985.
  • My mortgage provider is requesting several hundred pounds for their to agree a lease extension for my flat in Flitwick... I am unable to find any reference of this in my mortgage literature... is this a usual charge?
  • I'm living at mother and father but have a 2 bed flat in Flitwick let out which has a sixety five 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 Flitwick 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. Not sure sure whether to hold on or sell the flat?
  • Although I do not need a lease extension but I do require a vesting order on a property I want to purchase in Flitwick. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the rear garden.
  • I'm looking at buying an apartment in Flitwick valued at £195,000 the flat has just under 64 years remaining on the lease. My offer was subject to the lease being renewed... .. that was back in August, expecting I'd be in by now. The owner has just informed the agent that they are prepared to reduce the price by£7k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • I am the registered freeholder to two flats. Someone has the lease on the lower flat in Flitwick. I occupy in the upper flat. I was reviewing the land registry documents yesterday when I noticed that my flat is leasehold. There is 60 years outstanding. Can one do a lease extension without retaining a ?
  • I am currently negotiating a lease extension for my flat in Flitwick as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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