Millbank Lease Extensions: Q and A’s

  • I’m thinking about a lease extension for our leasehold house located in Millbank and we are confused by the letter that we received from our freehold company. Can you please help us with this situation?
  • I’m just looking for a maisonette to buy in the Millbank area and was enquiring how much would it cost to extend a lease? It has 79 years unexpired...
  • 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?
  • Think I may have made a mistake, I am actually looking for a in Millbank who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to help me with?
  • We acquired a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Millbank and are therefore thinking about the option of a vesting order. Is this something you can do for us?
  • I am a freeholder of a block of flats in Millbank, and the tenants are in the process of being issued lease extensions. I anticipate receiving funds next week. How does the tax work, the property is in joint names with my wife ?
  • Ref a residence in Millbank. upper maisonette. 75 yrs remaining. I have an agreed lease extension to £20k for 125yrs. Freeholder also insisted on Initial Notice which I think should not be necessary. Can you assist.
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the all inclusive cost including vat and the HMLR fee? The price has already been negotiated with the freeholder for the lease extension for my studio flat in Millbank
  • We currently own a studio flat in Millbank 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 sixety four years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • We have a garden flat in Millbank with a lease of 67 years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?

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