Frequently asked questions relating to Great Missenden Lease Extensions

  • Me and my fiance are looking for lease extension for our apartment based in Great Missenden and we don't fully understand the letter that we got from our landlord company. How long will it take?
  • I’m just looking for a studio flat to purchase in the Great Missenden area and was interested in finding out what the likely fees would be to extend a lease? It has fivety seven years residual lease term...
  • The intention is to sell our garden flat in Great Missenden but we may need a lease extension, or possibly cover the costs of our buyers. Can you help me find someone to handle this?
  • I'm planning on buying a studio flat (leasehold) but the freeholder has been absent for slightly more than 15yrs. My query is would it be cheaper to try to purchase the freehold or to get a lease extension and apply for right to manage?
  • What will it cost me and what is the best way to get a lease extension started? I have around 54 years unexpired lease on my lease on a garden flat in Great Missenden. I have called the agent who represent the freeholder and they provided me with the number for the surveyor. I left a phone message for the valuer but I am not getting any returned calls.
  • Me and my sister have owned a leasehold flat for around fifteen years. It now has seventy two 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 now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.
  • If somebody owns a flat with a lease of less than 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?
  • I'm intent on acquiring a flat in Great Missenden valued at £210,000 the flat has approximately fivety four years unexpired on the lease. I put in an offer subject to a lease extension... .. that was back in June, hoping I'd have completed by now. The owner has just informed me they are willing to reduce the price by£7k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • I am planning on refinancing my ground floor flat in Great Missenden and the mortgage company that I am looking to switch to requires a minimum 85 years on the leasehold of my property in order for them to progress matters. I have found that I currently have around seventy five years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Great Missenden 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?

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