Questions and Answers: Cromer Lease Extensions

  • I acquired a flat in Cromer with a leasehold unexpired circa sixety nine years and need a lease extension. Please can you advise me of the next steps
  • I purchased a garden flat in Cromer. The lease started in 1997 for 99 years. Now I am wanting for a lease extension. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • We inherited a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Cromer and are therefore considering the option of a vesting order. Is this something you can help us with?
  • I am a FTB of a leasehold flat in Cromer. The lease has just sixety five years outstanding and ground rent is £75. Is it possible for the flat owner to serve the Section 42 Notice and then assign this right to me as the buyer on the day of completion so that I can avoid waiting 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 achievable but will it be very time consuming to the vendor? To add to the complexity it’s the case of an missing freeholder, so I am not sure how does it work.
  • My mortgage lender is requesting several hundred pounds for their lawyers to approve the lease extension deed for my flat in Cromer... I am unable to find any reference of this in my mortgage guide... is this a standard charge?
  • Offer accepted on a a ground floor flat in Cromer, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 85 years.Contracts were due to be exchanged within a week. My query is why has this only just come to my attention by my solicitors?
  • I own a purpose-built apartment located in a small block in Cromer. The leasehold interest in the flat on a ninety five year lease started from 2nd October 1972 with a non-reviewable yearly rent of 20. I wish to obtain a lease extension. Is it possible for me to talk with someone to discuss my options please?
  • I am planning to extend the lease on my one bedroom ground floor purpose built flat in Cromer 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.
  • I am currently in the process of remortgaging my 2 bed flat in Cromer and the next lender that I am looking to switch to needs a minimum 85 years on the leasehold of my property in order for them to progress matters. I have found that I currently have around sixety three years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
  • We currently own a one bedroom apartment in Cromer and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety two years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
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    Lease Extensions in Cromer

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