Questions and Answers: Stony Stratford Lease Extensions

  • I am looking into the costs of carrying out a lease extension for my first floor flat in Stony Stratford, and would like some figures on that.
  • Are you able to advise on how much it would cost and the optimum way to get a lease extension started? I have nearon seventy years unexpired lease and I own a garden flat in Stony Stratford.
  • Regarding a leasehold in Stony Stratford. GFF maisonette. 77 yrs left. I have negotiated a lease extension price of £12,000 for 125yrs. Freeholder also insisted on Notice of Claim which I think should not be required. Advice required.
  • We have a GFF based in Stony Stratford. There is eighty years remaining on the lease and we want a lease extension. How much will it likely cost to extend in this area by, say,45 years
  • Coming up to 2 years that I have owned my studio flat in Stony Stratford. I have sixety seven yrs left on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Stony Stratford based or any will do fine?
  • 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?
  • Hello I am the freeholder reversion in a 3 bedroom flat in Stony Stratford. The leaseholder has a 54 year lease and would like to purchase an additional 90 years. She is offering me £27,000 but I am not sure if this is too low an offer
  • My OH and I are hoping to buy a home (a maisonette inStony Stratford with share of freehold). During our search, we were always looking at flats that had at least eighty five years left. We came across a apartment we liked and the estate agent assured that the lease was long albeit not specifying a number. Today our advised us the lease only has fivety four years and thus 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?
  • We know that others in the same building previously had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation fees. Would you suggest this course of action?
  • Do you handle lease extensions on land? (a plot of land in Stony Stratford with 82yrs remaining)

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