Frequently asked questions relating to Milton Keynes Lease Extensions

  • I need to negotiate a lease extension for a flat in Milton Keynes and want to use a local . Is there a that you can recommend?
  • Is it possible to talk with you about an apartment in Milton Keynes, I am considering buying at auction in the next few days. The flat only has a few years outstanding and I am curious about how much it would cost to get a lease extension and for your services.
  • Last year I purchased a leasehold flat in Milton Keynes. I have built a huge extension and have not informed my leaseholder. What are my options?
  • I am a first time buyer of a leasehold flat in Milton Keynes. The lease has only fivety four years unexpired and ground rent is £25. Is it possible for the seller to serve the Notice of Claim and then assign over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the homeowner? Unfortunately the landlord can not be found, so I am not sure how this will play out.
  • My mortgage provider requires a £500 fee for their to agree a lease extension for my flat in Milton Keynes... I can find no mention of this in my mortgage guide... is this a standard cost that they charge?
  • My brother and I would like to know the cost of a lease extension valuation for a property based in Milton Keynes. Would you be able to help?
  • I own the freehold reversion of a property in Milton Keynes and a leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £9,000, but has upped this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • I am currently in the process of refinancing my ground floor flat in Milton Keynes and the bank that I am looking to move to needs at least 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around sixety two years on the leasehold so looking for some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • I am currently negotiating a lease extension for my flat in Milton Keynes as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We have a ground floor flat in Milton Keynes with a lease of 78 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

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