Lease Extensions in Mildmay

Mildmay Lease Extensions: Q and A’s

We have just bought a two bedroom ground floor purpose built maisonette located inMildmay and I'm deliberating a lease extension as soon as I can e.g. after 24 months of ownership

We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 899 years remaining so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any suggestions would be much appreciated.

Hello. I need someone to review my lease extension prior to it being signed just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor changes.

We are in a block of three flats in Mildmay and have been offered to buy the freehold for £5000 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 acquired a ground floor flat in Mildmay. I am looking to extend lease on the property. It is approaching eighty years. I would just like to know what your charges are and how long it would take for completion.

I am concerned that my niece might have had the wool pulled over her eyes. She put in an offer on a garden flat in Mildmay, where the lease is around 67 years but she was told by the selling agents that the vendor had extended it to 99 years. Only now has she been advised the flat owner was waiting for her to instruct conveyancers prior to commencing with the lease extension. Seems odd to me, also it could take time to sort it all out. What do you think?

I'm intent on acquiring a flat in Mildmay at a price of £195,000 the flat has approaching sixety four years remaining on the lease. My offer was conditional upon a lease extension... .. that was back in June, expecting I'd have completed before Christmas. The owner has just informed the agent that they are prepared to reduce the price by£8k if I deal with the lease extension myself. I'm not sure whether that's a good idea

We are concerned about seeking a lease extension from an objectionable landlord. Notwithstanding that the legal procedures were adhered to under the appropriate legislation, the landlord still attempted to get ground rent of £300 increasing by 100% every twenty five years of the new term. Can you help?

We have a studio flat in Mildmay with a lease of sixety three years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?

I have a lease of sixety four years remaining on my flat in Mildmay. 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?

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