Questions and Answers: Kings Lynn Lease Extensions

  • Do you only handle lease extensions in Kings Lynn? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a .
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am thinking about bidding for an auction property and came upon a one bed flat in Kings Lynn. It only has a fifty-one year lease..the seller as mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the disadvantages of this other than the costly fee to put a new lease on it and decreased chance of getting a mortgage with Barclays ?
  • Me and my husband are considering buying a three bedroom second floor purpose built maisonette in Kings Lynn which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from extending the lease?
  • It says on your website the likely fee to extend a lease is £495. Is that the total cost including value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my maisonette in Kings Lynn
  • I'm intent on buying a flat in Kings Lynn at a price of £210,000 the flat has something like 75 years unexpired on the lease. My offer was conditional upon a lease extension... .. that was back in August, expecting I'd be in before now. They have just come back saying that they are prepared to knock £3k off if I deal with the lease extension myself. I'm not sure whether that's a good idea
  • I am planning on refinancing my one bedroom apartment in Kings Lynn and the bank that I am looking to move to requires a minimum 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around 79 years on the leasehold so looking for some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom first floor purpose built maisonette in Kings Lynn
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my ground floor flat in Kings Lynn
  • We have a one bedroom apartment in Kings Lynn with a lease of seventy six years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?

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