Lease Extensions in Bessacarr

Questions and Answers: Bessacarr Lease Extensions

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

I am a FTB of a leasehold flat in Bessacarr. The lease has just 65 years residual lease term and ground rent is £95. Is it possible for the current owner to serve the Section 42 Notice and then transfer this right to me as the buyer once I complete the buying process 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 may be possible 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.

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

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?

My OH and I have owned a leasehold flat for approximately twenty years. There are 54 years unexpired lease on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.

Just been over two years that I have owned my garden flat in Bessacarr. I have 74 yrs unexpired lease on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased 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: In terms of surveyors - how do I go about finding one?

My partner and I have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Bessacarr. We have a 75 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.

My fiance and I are buying a ground floor flat in Bessacarr which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do OS1 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 lease title number is not known. Is it correct that we have to be patient pending registration of the new lease?

We know that others in the same block had already had a lease extension, and the landlord was reasonable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on previous prices . This would save on double valuation fees. Is this advisable?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Bessacarr

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