Top Ten Questions relating to High Wycombe Lease Extensions

  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 76 years remaining.
  • I am the owner of a maisonnette and the freehold. The owners of the downstairs flat have asked to extend the lease what do I need to do?
  • We are in a building consisting of three flats in High Wycombe and have been offered to buy the freehold for 8k 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?
  • We bought a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in High Wycombe and are therefore deliberating the option of a vesting order. Is this something you can help us with?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in High Wycombe and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously refinance with Lloyds TSB Bank to free up equity. The broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease commenced in 1981 and since then the ground rent has increased from £38.00 per year to £125 per year.
  • I am thinking about bidding for an auction property and found a one bed flat in High Wycombe. It only has a fifty year lease..the vendor as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this other than the costly fee to extend the lease and decreased chance of obtaining a mortgage with Barnsley Building Society?
  • My brother has a share of freehold, with two other leaseholders in a building in High Wycombe. House converted into three apartments. He has a lease, which has just over seventy one yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • I am the freeholder of a Victorian property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 62 years. What are my next steps?
  • I am currently in the process of remortgaging my three bedroom first floor purpose built maisonette in High Wycombe and the mortgage company that I am looking to move to needs at least 85 years remaining on the lease in order for them to progress matters. We currently have around 64 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
  • Do you handle lease extensions on land? (a plot of land in High Wycombe with 82yrs remaining)

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