Sample questions relating to Milton Keynes Lease Extensions

  • I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has 70 years left
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 798 years residual lease term so a lease extension is not an issue. 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 25 years without owning the property. Any advice would be much appreciated.
  • 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 a FTB of a leasehold flat in Milton Keynes. The lease has only 74 years left and ground rent is £95. Is it possible for the flat owner to serve the Notice of Claim and then assign over the right to me as the buyer once I complete the buying process so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the current owner? Unfortunately the freeholder can not be found, so I am not sure how does it work.
  • I am considering bidding for an auction property and identified a studio flat in Milton Keynes. It only has a 48 year lease..the current owner as mortgagees in possession will not want to mess around with negotiating a lease extension..what are the disadvantages of this except for the costly fee to put a new lease on it and decreased chance of getting a mortgage with Alliance & Leicester ?
  • Regarding a residence in Milton Keynes. upper maisonette. sixety yrs left. I have an agreed lease extension to £12,000 for 135yrs. Landlord also insisted on Notice of Claim which I think is a bit over the top. Can you assist.
  • I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Milton Keynes. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Coming up to 2 years that I have owned my three bed flat in Milton Keynes. I have sixety yrs left on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • We are in the throws of buying a property (a one bedroom first floor purpose built maisonette located inMilton Keynes with share of freehold). During our search, we were always looking at flats that had at least eighty five years unexpired. We found a flat we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Today our told us the lease only has 60 years and thus needs a lease extension. Do we walk away, or do we negotiate our offer?
  • Do you handle lease extensions on land? (a plot of land in Milton Keynes with 82yrs remaining)

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