Questions and Answers: Great Missenden Lease Extensions

  • I am looking at investing in a holiday home but it has a lease that expires in twenty years. Its in Great Missenden - I wanted to see if with your services it is possible for this to be extended?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Great Missenden, and my lease will reach 79 years this January. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I am looking to either purchase the freehold or a lease extension of my property in Great Missenden and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Yorkshire Building Society to release of equity. The broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease began in 1981 and since then the ground rent has increased from £38.00 per annum to £100 per annum.
  • I'm looking for a flat to purchase in Great Missenden and I'm not really familiar with the leasehold arrangement. I've identified a garden flat I like with a 87 years lease. My research reveals that I can get a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Nationwide Building Society?
  • I am hoping to extend the lease on my three bed flat in Great Missenden I am looking for help to verify the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • Coming up to 2 years that I have owned my ground floor flat in Great Missenden. I have 73 yrs unexpired lease on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
  • I note that your website states the anticipated fee for dealing with a lease extension is £495. Is that the total cost excluding value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my three bed flat in Great Missenden
  • I'm looking at buying a flat in Great Missenden at a price of £256,000 the flat has approaching 57 years unexpired on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in June, hoping I'd have completed before now. The seller has just come back saying they are willing to knock £5k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • We currently own a 2 bed flat in Great Missenden 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 seventy eight years left. Not sure what to do, have read some bits on the web saying it will be 20k 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 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