Questions and Answers: Clarborough Lease Extensions

  • I bought a studio flat in Clarborough that I am now unable to sell as a result of the lease needing a lease extension. What's your legal fee ?
  • Hi, I just randomly found this site. I'm seeking prices on what a lease extension will cost for a one bed flat in Clarborough. It's up for sale at the moment but has slightly more than sixety years of unexpired leasehold
  • I am going to purchase a flat based in Clarborough. My offer is subject to the lease extension. The seller’s 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 Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
  • My apartment in Clarborough is up for sale and I have a hopefully firm offer. There is 82 years to run on the lease and I want to extend the lease. How much does it cost on average to extend in this area by, say,fifty years
  • I am looking for advice as I am interested in a property that has only a seventy two year lease and therefore requires a lease extension. Can I call someone to discuss my options please?
  • I'm looking at acquiring a flat in Clarborough at a price of £210,000 the flat has just under 78 years remaining on the lease. I put in an offer conditional upon a lease extension... .. that was back in November, hoping I'd be in before Christmas. They have just informed the agent they are willing to knock £3k off if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • I own the freehold reversion of a property in Clarborough and a leaseholder would like a lease extension. Her valuer has given a figure of £8,000, but has increased this by £2,000 without too much effort. My valuer has put forward a much higher figure. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
  • I am currently negotiating a lease extension for my flat in Clarborough 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?
  • Do you handle lease extensions on land? (a plot of land in Clarborough with 82yrs remaining)
  • I'm looking for some advice with regard to a lease extension on my one bedroom apartment in Clarborough. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions?

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