Frequently asked questions relating to Epworth Lease Extensions

  • I have got a leasehold flat in the Epworth area and was enquiring whether I could obtain a lease extension. What are your processes and charges. Has seventy five years left
  • I'm wanting to make an offer on a house in Epworth but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Nottingham Building Society giving us the mortgage now?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Epworth, and my lease will reach 57 years this Septembmer. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I'm looking for an apartment to purchase in Epworth and I'm not really familiar with the leasehold concept. I've found a maisonette I like with a 87 years lease. My research reveals that I can apply for a lease extension having owned the property for a couple of years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?
  • I am a first time buyer of a leasehold flat in Epworth. The lease has only seventy six years unexpired and ground rent is £25. Is it possible for the seller to serve the Section 42 Notice and then transfer this right to me as the buyer once I complete the buying process 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 seller? Unfortunately the landlord can not be found, so I am not sure how this will play out.
  • I am looking to buy a one bed flat in Epworth for asking price of 125k, which has seventy one years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My husband has a share of freehold, with two other leaseholders in a building in Epworth. House split into three apartments. He has a lease, which has around 65 yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • Coming up to two years that I have owned my one bed flat in Epworth. I have fivety nine yrs remaining on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to purchase in Epworth. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the garden area.
  • My wife and I are in the throws of buying a flat (a one bedroom apartment located inEpworth with share of freehold). During our search, we were always looking at apartments that had a minimum ninety years balance left. We found a flat we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. This morning our informed us the lease only has seventy years and thus requires a lease extension. Do we run away, or do we reduce our offer?

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