FAQs concerning Long Buckby Lease Extensions

  • I agreed with the landlord to a lease extension on our flat based in Long Buckby, 12.5k for an extension by 90yrs. Are you able to help us with this situation ?
  • I’ve just bought a studio flat inLong Buckby and I'm deliberating a lease extension as soon as possible e.g. after two years
  • 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?
  • My co-lessees and I are in a building comprising five flats in Long Buckby and have been offered to buy the freehold for £3,500 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?
  • I am a freeholder of a block of flats in Long Buckby, and the leaseholders are in the process of being issued lease extensions. I should hopefully get funds within a month or so. As I am not on self assessment do I write to the tax authorities ?
  • Offer accepted on a a studio flat in Long Buckby, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as 82 years.We are soon to exchange contracts in a couple of days. My query is Have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • If somebody owns a flat with a lease of under 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 am the freeholder of a property in Long Buckby where the leaseholder would like a lease extension. Her so called valuation expert has provided a figure of £9,000, but has upped this to £10,000 without too much effort. My surveyor has recommended a much higher premium. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • Are you able to provide an estimate to extend my mum’s lease on a one bedroom apartment in Long Buckby. She already has a figure from the landlord for a lease extension but I am unclear whether it is too expensive.
  • I'm looking for some advice with regard to a lease extension on my studio flat in Long Buckby. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
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    Lease Extensions in Long Buckby

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