Eastwood Lease Extensions

Sample questions relating to Eastwood Lease Extensions

So this is the scenario: I acquired a one bedroom first floor purpose built maisonette in Eastwood that I am now unable to sell as a result of the lease needing a lease extension. How long will it take ?

My wife has a flat located in Eastwood which we have just put on the market. The leasehold has around 56 years remaining on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Many thanks.

My co-lessees and I are in a block containing three flats in Eastwood and have been offered to buy the freehold for 8k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

I am looking into the costs of carrying out a lease extension for my three bedroom ground floor purpose built maisonette in Eastwood, and would like some figures on that.

I am a first time buyer of a leasehold flat in Eastwood. The lease has only 55 years outstanding and ground rent is £95. Is it possible for the current owner to serve the Section 42 Notice and then assign this right to me as the purchaser on the day of completion so that I don't have to wait for the two 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 may be possible but will it be very time consuming to the flat owner? To add to the complexity the landlord is absent, so I am not sure how does it work.

My mortgage lender requires several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Eastwood... I am unable to find any reference of this in my mortgage guide... is this a standard charge?

I am the registered freeholder to two flats. Someone has the lease on the garden flat in Eastwood. I live in the upper flat. I was reviewing the land registry documents last night when I noticed that my flat is leasehold. There is seventy five years residual lease term. If I want to do a lease extension then would I simply be paying for the costs?

I'm seeking some advice with regard to a lease extension on my apartment. I'll be looking to do this next summer as we have to move 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. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?

I have seventy two years remaining on my lease of a ground floor flat in Eastwood, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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

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