Common questions relating to Cringleford Lease Extensions

  • I want to acquire a leasehold property and lease extension. The seller has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 798 years unexpired so a lease extension is not a concern. 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any advice would be much appreciated.
  • I plan on buying a flat based in Cringleford. My offer is subject to the lease extension. The current owner’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 Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • I'm thinking of purchasing a two bedroom ground floor purpose built flat (leasehold) but the landlord has been missing for around 15yrs. My query is would it be less expensive to try to buy the reversionary title or to extend lease and apply for right to manage?
  • Think I may have made a mistake, I am seeking a in Cringleford who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • I an interested in finding out more about purchasing a leasehold residence. We hope to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Cringleford area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I am looking to extend the lease on my maisonette in Cringleford I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the total cost including vat and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my studio flat in Cringleford
  • Just a quick question, how much does it cost for a lease extension on a residential property in Cringleford for a two bed flat - section 42 is already in place?
  • Me and my fiance are hoping to purchase a property (a maisonette located inCringleford with share of freehold). Throughout our search, we were always looking at flats that had a minimum eighty five years left. We identified a flat we liked and the selling agent promised us that the lease was long albeit not specifying a number. Yesterday our informed us the lease only has 79 years and therefore requires a lease extension. Should we walk away, or do we negotiate our offer?

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