Frequently asked questions relating to Mersea Island Lease Extensions

  • My wife has an apartment based in Mersea Island which we have just put on the market. The leasehold has about 57 years balance left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • I have a lease of 77 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • Is it possible to talk with you about an apartment in Mersea Island, I am considering buying at auction in the next few days. The flat has a short lease and I was wondering about what it would cost to get a lease extension and for your services.
  • Ref a property in Mersea Island. GFF maisonette. 74 yrs remaining. I have an agreed lease extension to £12,000 for 115yrs. Freeholder also insisted on Section 42 Notice which I think should not be necessary. Advice required.
  • I am looking to buy a one bed flat in Mersea Island for asking price of 156k, which has 65 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?
  • I'm looking at purchasing a flat in Mersea Island valued at £210,000 the flat has something like seventy two years unexpired on the lease. I put in an offer subject to a lease extension... .. that was back in November, expecting I'd be in before now. The seller has just informed me that they are prepared to knock £5k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • My and my fiance are concerned about obtaining a lease extension from an objectionable freeholder. Even though the correct procedures were followed under the appropriate legislation, the freeholder still attempted to get ground rent of £300 doubling every twenty five years of the new term. Can you help?
  • I require an estimate to extend my mum’s lease on a one bedroom ground floor purpose built maisonette in Mersea Island. She already has a figure from the landlord for a lease extension but I am far from certain if it is too high.
  • I am currently in the process of refinancing my ground floor flat in Mersea Island and the bank that I am looking to move to needs a minimum 85 years on the leasehold of my property in order for them to take the mortgage forward. I have found that I currently have around 65 years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • We currently own a ground floor flat in Mersea Island 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 60 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. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

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