Common questions relating to Pound Hill Lease Extensions

  • I’m just looking for a one bedroom ground floor purpose built maisonette to purchase in the Pound Hill area and was curious how much would it cost for a lease extension? It has 74 years outstanding...
  • I inherited a flat in Pound Hill with a leasehold unexpired roughly 71 years and need a lease extension. Please can you clarify the next steps
  • I am looking to either purchase the freehold or a lease extension of my property in Pound Hill and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Barclays to release of equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease began in 1991 and since then the ground rent has been raised from £25.00 per year to £125 per year.
  • I will soon view a two bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 72 years remaining on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • My brother and I would like to know the cost of a lease extension valuation for a property based in Pound Hill. Would you be able to help?
  • I'm living with my mum and dad but have a studio flat in Pound Hill let out which has a sixety year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Pound Hill for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • My OH and I have been in discussion with our freeholder after having a valuation on our ground floor flat in Pound Hill. We have a 65 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I note that your website states the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding value added tax and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my garden flat in Pound Hill
  • I'm looking at buying an apartment in Pound Hill valued at £210,000 the flat has approximately seventy nine years remaining on the lease. My offer was subject to a lease extension... .. that was back in September, hoping I'd be in before now. They have just come back saying they are willing to reduce the price by£7k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • I am currently negotiating a lease extension for my flat in Pound Hill 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?

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