Alston Lease Extensions

Questions and Answers: Alston Lease Extensions

We agreed with the head landlord to a lease extension on our flat located in Alston, 7k for a further 90yrs. Are you able to guide us with this situation ?

I want to buy a leasehold property and extend the lease. The owner has been there for four years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

Hi. I need a to review 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 going to purchase a flat in Alston. My offer is subject to the lease extension. The current owner’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Nationwide Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I'm planning on purchasing a garden flat (leasehold) but the freeholder has been absent for circa 15yrs. My question is would it be less expensive to try to acquire the freehold or to get a lease extension and apply for right to manage?

I bought a ground floor flat in Alston. I am looking to extend lease on the property. It is nearon eighty one years. I would just like to know what your charges are and how long the process takes.

My nephew has a share of freehold, with two other leaseholders in a building in Alston. House divided into three flats. He has a lease, which has circa fivety eight yrs outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?

Me and my sister would like to know the cost of a lease extension valuation for a property based in Alston. Would you be able to help?

We are are hoping to complete on a three bedroom second floor purpose built flat in Alston which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced dealing with a lease extension. The owner has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our to do a pre-completion search on the lease. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we have to be patient until the lease extension has actually been registered before completing.?

We currently own a garden flat in Alston and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 69 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

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