Frequently asked questions relating to Lyndhurst Lease Extensions

  • I acquired a three bedroom second floor purpose built flat located in Lyndhurst with a leasehold unexpired of fivety eight years. I am enquiring about what it will cost me to extend my lease
  • 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 looking to buy a one bed flat in Lyndhurst for asking price of 125k, which has 73 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to buy in Lyndhurst. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the rear garden.
  • Me and my partner have been in discussion with our freeholder after having a valuation on our studio flat in Lyndhurst. We have a sixety three year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Lyndhurst for a three bed flat - sec 42 having been issued?
  • We are in the throws of buying a home (a one bedroom apartment located inLyndhurst with share of freehold). During our search, we were always looking at properties that had a minimum ninety years unexpired. We found a place we liked and the estate agent promised us that the lease was long albeit not specifying a number. Yesterday our told us the lease only has 57 years and therefore needs a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I require an estimate to extend my mum’s lease on a garden flat in Lyndhurst. She already has a price from the freeholder for a lease extension but I am unclear whether it is reasonable.
  • I am planning on remortgaging my ground floor flat in Lyndhurst and the new lender that I am looking to switch to needs a minimum 80 years remaining on the lease in order for them to take the mortgage forward. We currently have around 57 years on the leasehold so looking for some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • I am currently negotiating a lease extension for my flat in Lyndhurst as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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