Questions and Answers: Petersfield Lease Extensions

  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. Two of the leasehold owners want to extend their leases and I'm enquiring about the procedure for this
  • I am looking for a lease extension on the lease on my garden flat in Petersfield which will have seventy one years left in January. What fees are applicable?
  • I am interested in getting a lease extension for a flat in Petersfield and want to use a local . Are you able to help me find a ?
  • Do you only undertake lease extensions in Petersfield? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a .
  • I'm looking for a flat to purchase in Petersfield and I'm not really familiar with the leasehold concept. I've identified a garden flat I like with a 90 years lease. My research reveals that I can get a lease extension having owned the property for 2 years, but:- Is this a given?
  • My mortgage lender requires a £450 fee for their for a "deed of substituted security" for the lease extension for my flat in Petersfield... I am unable to find any mention of this in my mortgage literature... is this a usual charge?
  • Me and my husband have owned a leasehold flat for about twenty years. There are 71 years left on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would welcome some independent thoughts.
  • My and my fiance know that others in the same block previously had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?
  • We have a garden flat in Petersfield with a lease of 65 years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?
  • I have a lease of 61 years remaining on my flat in Petersfield. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Petersfield