Questions and Answers: Kibworth Beauchamp Lease Extensions

  • I need to extend my existing lease can you help me with that? I think it has sixety five years remaining
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Kibworth Beauchamp, and my lease will reach seventy nine years this June. 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 about to view a one bedroom flat, although not exactly my dream 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 66 years residual lease term on the lease. It is also a repossession so I'm guessing that the bank will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • My mortgage lender requires a £450 fee for their to approve the lease extension deed for my flat in Kibworth Beauchamp... I can find no mention of this in my mortgage literature... is this a standard fee to pay?
  • We are considering buying a studio flat in Kibworth Beauchamp which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
  • Coming up to two years that I have been in my three bedroom ground floor purpose built flat in Kibworth Beauchamp. I have 69 years outstanding on the lease. I am now wanting to buy a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 445k. 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: Is there a benefit in getting a Kibworth Beauchamp based or any will do fine?
  • If a leaseholder 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?
  • My OH and I are hoping to acquire a home (a garden flat located inKibworth Beauchamp with share of freehold). Throughout our search, we were always looking at properties that had at least eighty five years left on the lease. We identified a place we liked and the estate agent assured that the lease term was not an issue. This morning our advised us the lease only has seventy nine years and therefore requires a lease extension. Do we walk away, or should we negotiate our offer?
  • I require an estimate to extend my aunt’s lease on a maisonette in Kibworth Beauchamp. She recently got a price from the freeholder for a lease extension but I am unclear whether it is reasonable.
  • I have 73 years remaining on my lease of a ground floor flat in Kibworth Beauchamp, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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