Blackfriars Lease Extensions

Sample questions relating to Blackfriars Lease Extensions

I need to extend my existing lease can you help me with that? I think it has sixety nine years unexpired

I plan on buying a flat located in Blackfriars. The offer is subject to the lease extension. The current owner’s has given to the freeholder the Notice of Claim. 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 Yorkshire Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I am a FTB of a leasehold flat in Blackfriars. The lease has just 63 years left and ground rent is £50. Is it possible for the homeowner to serve the Section 42 Notice and then assign 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 costly to the vendor? Unfortunately the landlord can not be found, so I am not sure how this will play out.

I have my suspicions that my daughter is being hoodwinked. She submitted an offer on a garden flat in Blackfriars, where the lease is circa sixety nine years but she was informed by the estate agents that the flat owner had extended it to 125 years. She has now been told the owner was holding off for her to retain solicitors prior to commencing with the lease extension. Seems odd to me, also it will take time to sort it all out. What do you think?

I am a landlord of a block of flats in Blackfriars, and the tenants are in the process of being given lease extensions. I anticipate receiving funds within a month or so. Are there any tax implications, the property is co-owned with my wife ?

I own the freehold of a 2 bedroom flat in Blackfriars. The leaseholders have 75 years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?

We are in the throws of buying a home (a garden flat located inBlackfriars with share of freehold). Throughout our search, we were always looking at flats that had at least 84 years outstanding. We came across a apartment we liked and the estate agent assured that the lease term was not an issue. Yesterday our advised us the lease only has 68 years and thus requires a lease extension. Do we run away, or should we negotiate our offer?

I am currently negotiating a lease extension for my flat in Blackfriars 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?

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

We have a three bedroom first floor purpose built maisonette in Blackfriars with a lease of 75 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Blackfriars