Lease Extensions in Shenfield

Recently asked questions relating to Shenfield Lease Extensions

Hello, I stumbled across this website. I'm seeking prices on what a lease extension will cost for a ground floor flat in Shenfield. It's on the market at the moment but has roughly sixety eight years of unexpired leasehold

I need to negotiate a lease extension for a flat in Shenfield and want to use a local . Are you able to help me find a ?

My neighbours and I are in a building of four flats in Shenfield and have been offered to buy the freehold for 7k 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?

I am concerned that my daughter is being hoodwinked. She put in an offer on a one bedroom apartment in Shenfield, where the lease is around 66 years but she was informed by the estate agents that the homeowner had extended it to 99 years. Only now has she been told the flat owner was holding off for her to instruct lawyers ahead of instigating the lease extension. Sounds odd to me, also it could take a while to sort it all out. What do you think?

My mortgage lender is requesting several hundred pounds for their to agree a lease extension for my flat in Shenfield... I can find no reference of this in my mortgage booklet... is this a standard cost that they charge?

I am thinking about buying an auction property and came upon a one bed flat in Shenfield. It has just 48 year lease..the vendor being mortgagees in possession dont want the aggravation of seeking a lease extension..what are the drawbacks of this except for the costly fee to extend the lease and reduced chance of getting a mortgage with The Royal Bank of Scotland?

My OH and I are proceeding with a purchase of a garden flat in Shenfield. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy two years outstanding prior to extension). The sales particulars stated "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The owner supposedly has a quote but no finances to extend as a result the flat owner intends to exchange and use the my deposit for the lease extension. My question is as the lease hasn't been extended is there not a danger that Alliance & Leicester won't lend on a lease?

If somebody owns a flat with a lease of less than 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?

Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Shenfield for a three bed flat - section 42 is already in place?

I'm looking for some advice with regard to a lease extension on my two bedroom second floor purpose built maisonette in Shenfield. 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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