FAQs concerning Blakeney Lease Extensions

  • My name´s Seth. I’m property hunting in Blakeney I'm considering offering on a garden flat online, with roughly 79 years remaining, how much will it likely cost to get a lease extension by, say, fifty years?
  • I purchased a flat in Blakeney with a leasehold unexpired around 77 years and need a lease extension. Please can you advise me of the next stages
  • The terms for the lease on my flat in Blakeney are 101 years from 15 Feb 1990. Can you provide me a quote for a lease extension if I give you more specifics please?
  • I am a first time buyer of a leasehold flat in Blakeney. The lease has only fivety eight years outstanding and ground rent is £50. Is it possible for the owner to serve the Notice of Claim and then assign this right to me as the purchaser on the day of completion so that I don't have to wait for the 2 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 seller? To add to the complexity it’s the case of an absent landlord, so I am not sure how does it work.
  • I would like to know how much it would cost and the best way to get a lease extension started? I have around 57 years outstanding and I own a three bedroom first floor purpose built flat in Blakeney.
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy two years. I need a solicitors at my end. Can you advise please? I live near Blakeney and have a mortgage with Nationwide Building Society.
  • I own the freehold to two flats. Someone has the lease on the ground flat in Blakeney. I reside in the upper flat. I was reviewing the land registry documents yesterday when I noticed that my flat has a lease on it. There is 58 years unexpired. If I want a lease extension then would I just be paying for the property lawyers charges?
  • My and my partner know that others in the same block previously had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?
  • I am planning on refinancing my garden flat in Blakeney and the next lender that I am looking to switch to requires a minimum 80 years on the leasehold of my property in order for them to progress matters. We currently have around seventy four years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Blakeney 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?
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    Lease Extensions in Blakeney

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