Lease Extensions in Millbank

Common questions relating to Millbank Lease Extensions

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 would like to have my residential flat leasehold extension premium assessed. The flat is in Millbank, and my lease will reach 62 years this June. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?

I am going to purchase a flat based in Millbank. The offer is conditional upon a lease extension. The vendor’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Norwich and Peterborough Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I am looking into the costs of carrying out a lease extension for my maisonette in Millbank, and would like some figures on that.

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 the money next month. How does the tax work, the property is co-owned with my wife ?

We have a first floor flat in Millbank with 71 years remaining. Last year we were quoted a deal to receive a lease extension for a further thirty years but also increase ground rent from notional to £200 per year..plus a premium I think of about 14k. Finally we have decided to proceed but do we now have to start the negotiations again?

We wish to extend our lease having owned the apartment for two years as of 21st April 2016. It has approximately 65 years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.

I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 71 years. I need a at my end. Can you advise please? I live near Millbank and have a mortgage with Yorkshire Building Society.

Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Millbank for a two bed flat - sec 42 having been issued?

We have a two bedroom first floor purpose built maisonette in Millbank with a lease of 55 years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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