Recently asked questions relating to Tunbridge Wells Lease Extensions

  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 928 years unexpired so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any guidance would be much appreciated.
  • Think I may have made a mistake, I am seeking a in Tunbridge Wells who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can help me with?
  • I am a first time buyer of a leasehold flat in Tunbridge Wells. The lease has just sixety eight years outstanding and ground rent is £95. Is it possible for the seller to serve the Section 42 Notice and then transfer this right to me as the purchaser on the day of completion so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the owner? To add to the complexity the landlord can not be found, so I am not sure how does it work.
  • I intend to buy a one bed flat in Tunbridge Wells for asking price of 145k, which has seventy nine years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, 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 garden flat in Tunbridge Wells I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living at parents but have a one bedroom apartment in Tunbridge Wells let out which has a seventy seven 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 Tunbridge Wells 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?
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to buy in Tunbridge Wells. The house is freehold but the garden is officially leasehold, 995 year lease from 1895. Its the garden area.
  • I have a freehold of a 2 bedroom flat in Tunbridge Wells. The leaseholders have seventy eight years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • We are hoping to acquire a property (a garden flat inTunbridge Wells with share of freehold). Throughout our search, we were always looking at flats that had at least eighty five years left on the lease. We came across a place we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. Today our told us the lease only has fivety five years and therefore needs a lease extension. Do we run away, or do we reduce our offer?
  • I am currently negotiating a lease extension for my flat in Tunbridge Wells 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 Tunbridge Wells