Questions and Answers: Dockland Settlement Lease Extensions

  • I’m just looking for a garden flat to buy in the Dockland Settlement area and was after more information on what the likely fees would be to extend a lease? It has seventy eight years outstanding...
  • I have shares in the freehold of buildings comprising of six flats each. 2 of the leaseholders want to extend their leases and I'm wondering about the the process
  • Hi. I need a to review my lease extension before it's signed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor changes.
  • I am going to purchase a flat located in Dockland Settlement. My offer is conditional upon a lease extension. The current owner’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 Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I am a FTB of a leasehold flat in Dockland Settlement. The lease has only seventy seven years remaining and ground rent is £25. Is it possible for the owner to serve the Section 42 Notice and then assign over the right to me as the buyer on the day of completion so that I can avoid waiting for the 2 year qualifying 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 current owner? To add to the complexity it’s the case of an absent freeholder, so I am not sure how this will play out.
  • I have a share of the freehold. There are three apartments in the house. All the leaseholders are now seeking lease extensions. Are you willing to assist us with this situation?
  • I am seeking advice as I am interested in a property that has only a seventy eight year lease and therefore requires a lease extension. Is it possible for me to call someone to discuss my options please?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I am planning on refinancing my ground floor flat in Dockland Settlement and the new lender that I am looking to switch to needs a minimum 85 years remaining on the lease in order for them to take the mortgage forward. We currently have around 77 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Dockland Settlement

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