Crofton Lease Extensions

FAQs concerning Crofton Lease Extensions

I’ve just purchased a garden flat based inCrofton and I'm deliberating extending the lease as soon as possible e.g. after two years

I own a flat in Crofton with a leasehold unexpired nearly 67 years and need a lease extension. Please can you advise me of the next steps

I am the owner of a maisonnette and the freehold of both flats. My downstairs neighbours have asked to extend the lease what do I need to do?

I am going to purchase a flat in Crofton. The offer is subject to the lease extension. The homeowner’s has served 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 Yorkshire Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I am in need of a lease extension for my flat in Crofton and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

I am looking to buy a one bed flat in Crofton for asking price of 145k, which has 67 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

My dad has a share of freehold, with two other leaseholders in a building in Crofton. House split into three flats. He has a lease, which has around 54 yrs remaining. How much would it cost for a lease extension and how many years would he need to extend by?

I am hoping to extend the lease on my garden flat in Crofton I am looking for help to verify 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.

I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Crofton. I would be grateful if you can give me a call when you get a chance to discuss the case.

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

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