Longfield Lease Extensions

Frequently asked questions relating to Longfield Lease Extensions

I inherited a flat in Longfield with a leasehold unexpired slightly less than 65 years and need to extend it. Please can you advise me of the next steps

I invested in buying a property in Longfield and it has about 56 years residual lease term. I'd like to extend the lease period

I'm deliberating over purchasing a three bed flat (leasehold) but the freeholder has been missing for around 15yrs. My question is would it be cheaper to try to acquire the reversionary title or to get a lease extension and apply for right to manage?

I am a FTB of a leasehold flat in Longfield. The lease has only sixety nine years left and ground rent is £25. Is it possible for the flat owner to serve the Notice of Claim and then assign over the right to me as the buyer on the day of completion so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the owner? Unfortunately it’s the case of an missing landlord, so I am not sure how does it work.

My brother has a share of freehold, with two other leaseholders in a building in Longfield. House converted into three apartments. He has a lease, which has just under 68 years unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?

I'm living with my mum and dad but have a two bedroom ground floor purpose built maisonette in Longfield let out which has a 69 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 Longfield 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?

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?

Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Longfield for a three bed flat - sec 42 having been issued?

I own the freehold to two flats. Someone has the lease on the garden flat in Longfield. I occupy in the top flat. I was reviewing the land registry documents recently when I noticed that my flat is leasehold. There is fivety eight years residual lease term. If I want a lease extension then would I just be paying for the costs?

We know that others in the same block previously had a lease extension, and the landlord was reasonable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on previous premiums paid . This would save on double valuation fees. Would you suggest this course of action?

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