Pitstone Lease Extensions: Q and A’s

  • Hello, I am looking somewhere around or in Pitstone 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • My co-lessees and I are in a block comprising three flats in Pitstone and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Last year I purchased a leasehold apartment in Pitstone. I have built a big extension and have not informed my freeholder. What should I do?
  • I am considering bidding for an auction property and found a studio flat in Pitstone. It has just 49 year lease..the vendor as mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this except for the costly fee to extend the lease and decreased chance of getting a mortgage with Santander?
  • I an interested in finding out more about leasehold property buying. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Pitstone area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • Me and my fiance are hoping to purchase a home (a garden flat based inPitstone with share of freehold). Throughout our search, we were always looking at flats that had at least eighty five years residual lease term. We identified a place we liked and the selling agent promised us that the lease was long albeit not specifying a number. Today our told us the lease only has 75 years and therefore needs a lease extension. Should we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am planning on remortgaging my maisonette in Pitstone and the bank that I am looking to move to needs a minimum 80 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around 60 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • Do you handle lease extensions on land? (a plot of land in Pitstone with 82yrs remaining)
  • We have a garden flat in Pitstone with a lease of 58 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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