Little Burstead Lease Extensions: Q and A’s

  • Me and my fiance have just completed on a one bedroom apartment inLittle Burstead and I'm thinking about a lease extension as soon as possible e.g. in 24 months of ownership
  • I own a ground floor flat in Little Burstead with a leasehold unexpired of 69 years. I am wondering about how much I will need to spend to extend my lease
  • The intention is to sell our maisonette in Little Burstead but we may need to extend the lease, or possibly cover the costs of our buyers. Are you able to help me find someone to assist?
  • I am looking to either purchase the freehold or a lease extension of my property in Little Burstead and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Chelsea Building Society to free up equity. The broker handling the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease commenced in 1981 and since then the ground rent has increased from £25.00 per annum to £200 per year.
  • We have a ground floor flat in Little Burstead with 71 years unexpired. Ten months ago we were quoted a deal to receive a lease extension for another 25 years but also increase ground rent from nominal to a little more..plus a premium I think of about 14k. Finally we have decided to move forward but do we now have to start the negotiations again?
  • My flat in Little Burstead is up for sale and I have a hopefully firm offer. There is 79 years remaining on the lease and I want a lease extension. How much does it cost on average to extend in this location by, say,thirty years
  • Offer accepted on a a three bed flat in Little Burstead, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.We are soon to exchange contracts in a couple of days. My question is Should I tell the owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • 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 doing it?
  • I own the freehold reversion of a property in Little Burstead where the leaseholder would like a lease extension. Her valuer has suggested a figure of £8,000, but has upped this to £10,000 without too much effort. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to incur?
  • Do you handle lease extensions on land? (a plot of land in Little Burstead with 82yrs remaining)

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