Recently asked questions relating to Arkley Lease Extensions

  • Me and my husband are seeking a lease extension for our ground floor flat located in Arkley and we are confused by the letter that we got from our landlord company. Are you able to assist us with this situation?
  • I inherited a flat in Arkley with a leasehold unexpired around sixety nine years and need a lease extension. Please can you clarify the next steps
  • I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leasehold owners want to extend their leases and I'm wondering about the procedure for this
  • I am going to purchase a flat in Arkley. My offer is subject to the lease extension. The flat owner’s lawyers 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 Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We are selling our one bedroom apartment in Arkley but we may require a lease extension, or at least cover the expense of our buyers. Can you help me find someone to undertake the legal formalities?
  • I wondered if you could help me on the likely cost and the best way to start the lease extension process? I have nearon seventy two years outstanding and I own a ground floor flat in Arkley.
  • Offer accepted on a a ground floor flat in Arkley, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer in writing through the post which states the lease as 85 years.Contracts were due to be exchanged in a couple of days. My question is why has this only just come to my attention by my property lawyers?
  • It says on your website the likely fee to extend a lease is £495. Is that the total cost including value added tax and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my ground floor flat in Arkley
  • We are hoping to acquire a home (a 2 bed flat inArkley with share of freehold). Throughout our search, we were always looking at flats that had at least ninety years outstanding. We came across a place we fell in love with and the estate agent promised us that the lease term was not an issue. Today our lawyers advised us the lease only has 55 years and therefore requires a lease extension. Should we walk 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?
  • I own the freehold reversion of a property in Arkley where the leaseholder would like a lease extension. Her so called valuation expert has given a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My surveyor has put forward a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
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    Lease Extensions in Arkley

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