Top Ten Questions relating to Olney Lease Extensions

  • I need to extend my existing lease can you assist? My investigation with the Land Registry reveal that it has 62 years balance left
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 56 years remaining.
  • We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 899 years left so a lease extension is not required. 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.
  • I am looking to either purchase the freehold or a lease extension of my property in Olney and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Lloyds TSB Bank to release of equity. The adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease commenced in 1979 and since then the ground rent has increased from £15.00 per year to £100 per year.
  • My mortgage lender requires a £450 fee for their to agree a lease extension for my flat in Olney... I can find no mention of this in my mortgage guide... is this a normal charge?
  • We would like to know the cost of a lease extension valuation for a property based in Olney. Would you be able to help?
  • I note that your website states the anticipated fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding value added tax and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my garden flat in Olney
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom apartment in Olney
  • We have a 2 bed flat in Olney with a lease of sixety four years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?
  • I'm looking for some advice with regard to a lease extension on my 2 bed flat in Olney. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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