Frequently asked questions relating to Little Mill Lease Extensions

  • We are looking for lease extension for our two bed flat located in Little Mill and we don't fully comprehend the communication that we got from our freehold company. What's your legal fee?
  • We are selling our ground floor flat in Little Mill but we may need to extend the lease, or at least cover the costs of our purchaser. Are you able to suggest someone to help us?
  • I have a leasehold apartment in Little Mill. I have built a huge extension and have not informed the freeholder. What are my options?
  • My mortgage lender requires a £600 fee for their to approve the lease extension deed for my flat in Little Mill... I can find no mention of this in my mortgage booklet... is this a usual fee to pay?
  • I'm living with my mum and dad but have a three bedroom first floor purpose built maisonette in Little Mill let out which has a 74 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Little Mill for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?
  • I'm intent on purchasing a flat in Little Mill at a price of £210,000 the flat has approaching sixety eight years left on the lease. I put in an offer subject to a lease extension... .. that was back in August, hoping I'd have completed before Christmas. The seller has just come back saying that they are prepared to knock £3k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • I own the freehold reversion of a property in Little Mill and a leaseholder would like a lease extension. Her so called valuation expert has given a figure of £8,000, but has upped this by £2,000 at the drop of a hat. 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 a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
  • My wife and I are aware that others in the same building previously had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Would you suggest such a course of action?
  • We currently own a one bedroom first floor purpose built maisonette in Little Mill and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety nine years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • I have a lease of 56 years remaining on my flat in Little Mill. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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