Frequently asked questions relating to Henfield Lease Extensions

  • I’m about to offer on a a property to buy in the Henfield area and was wondering how much would it cost to extend a lease? It has seventy eight years left...
  • I am looking to extend the lease on my studio flat in Henfield which will have 66 years outstanding in November. What fees apply?
  • I am considering investing in a holiday home but it has a lease that expires in eighteen years. Its in Henfield - I wanted to see if with your services it is possible for this to be extended?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 62 years outstanding.
  • I am about to view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has fivety four years remaining on the lease. It is also a repossession so I'm assuming that the lender will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • My husband and I had entered into a purchase of a garden flat in Henfield. I was told that the lease had been extended (70 years left prior to extension). The sales particulars stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The vendor supposedly has a quote but no funds to extend and consequently the current owner wishes to exchange and use the 10% deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that Birmingham Midshires won't lend on a lease?
  • I am looking to buy a one bed flat in Henfield for asking price of 156k, which has 68 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • We would like to know the cost of a lease extension valuation for a property based in Henfield. Would you be able to help?
  • I have 71 years remaining on my lease of a ground floor flat in Henfield, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I am currently negotiating a lease extension for my flat in Henfield 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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    Lease Extensions in Henfield

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