Lease Extensions in Silsoe

Recently asked questions relating to Silsoe Lease Extensions

Hello. I need someone to have a look at my lease extension before it's completed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few small variations.

I am looking to either purchase the freehold or a lease extension of my property in Silsoe and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Britannia to release of equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease began in 1991 and since then the ground rent has been raised from £38.00 per year to £125 per annum.

I will soon view a one bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has seventy four years remaining on the lease. It is also a repo so I'm assuming that the lender will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?

My mortgage lender requires a £450 fee for their to agree a lease extension for my flat in Silsoe... I am unable to find any reference of this in my mortgage literature... is this a standard charge?

I am a freeholder of a block of flats in Silsoe, and the tenants are in the process of being issued lease extensions. I anticipate receiving funds within a month or so. How does the tax work, the property is in joint names with my wife ?

I am considering acquiring an auction property and identified a two bed flat in Silsoe. It has just fifty-one year lease..the current owner being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and reduced chance of getting a mortgage with Nationwide Building Society?

I am looking to buy a one bed flat in Silsoe for asking price of 145k, which has 61 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?

I am planning to extend the lease on my one bedroom ground floor purpose built maisonette in Silsoe I am looking for help to verify the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.

If a leaseholder 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?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Silsoe

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