Questions and Answers: Arundel Lease Extensions

  • We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 899 years residual lease term so a lease extension is not required. 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 25 years without the house being ours. Any information would be much appreciated.
  • Do you only do lease extensions in Arundel? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a .
  • I am a first time buyer of a leasehold flat in Arundel. The lease has just 73 years left and ground rent is £50. Is it possible for the homeowner to serve the Notice of Claim and then transfer this right to me as the purchaser on the day of completion so that I don't have to wait for the two year qualifying 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 vendor? Unfortunately it’s the case of an missing landlord, so I am not sure how this will play out.
  • My mortgage provider requires a £600 fee for their to agree a lease extension for my flat in Arundel... I am unable to find any reference of this in my mortgage contract... is this a normal cost that they charge?
  • I am looking for advice as I am interested in a property that has only a seventy five year lease and therefore requires a lease extension. Is it possible for me to call someone to discuss my options please?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I am looking to extend the lease on my garden flat in Arundel I am looking for a local company to calculate the premium. I have a price from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • Just been over two years that I have been in my 2 bed flat in Arundel. I have 79 years remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 450k. 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: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
  • Me and my OH are buying a three bedroom ground floor purpose built flat in Arundel which has share of freehold and a leasehold. The lease was on the short side so the vendor commenced extending the lease. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a "priority search" on the property title. The problem 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 lease title number has not been issued. Is it correct that we must be patient pending registration of the new lease?
  • Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Arundel for a three bed flat - sec 42 having been issued?

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