FAQs concerning Fakenham Lease Extensions

  • I agreed with the freeholder for a lease extension on our flat based in Fakenham, 7k for an extension by 90yrs. How long will it take ?
  • I own a leasehold flat in the Fakenham area and was enquiring if I could get a lease extension. What are your processes and charges. Has 57 years outstanding
  • Is it possible to talk with you about a flat in Fakenham, I am considering buying at auction next month. The flat only has a few years outstanding and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • I am a FTB of a leasehold flat in Fakenham. The lease has only seventy seven years balance left and ground rent is £50. Is it possible for the homeowner to serve the Section 42 Notice and then assign this right to me as the purchaser once I complete the buying process so that I don't have to wait 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 legal but will it be very time costly to the vendor? Unfortunately the landlord can not be found, so I am not sure how this will play out.
  • How much will it cost me and what is the best way to get a lease extension started? I have around seventy eight years unexpired lease on my lease on a 2 bed flat in Fakenham. I have called the agent who act on behalf of the freeholder and they provided me with the number of the valuer. I left a phone message for the valuer but I am not getting any returned calls.
  • I am concerned that my niece might be having the wool pulled over her eyes. She submitted an offer on a ground floor flat in Fakenham, where the lease is around fivety seven years but she was told by the selling agents that the flat owner had extended it to 125 years. Only now has she been informed the seller was holding off for her to retain solicitors prior to commencing with the lease extension. Seems odd to me, also it may take a while to sort it all out. What do you think?
  • We would like to know the cost of a lease extension valuation for a property based in Fakenham. Is this something you can help us with?
  • Hello I own the freehold interest in a one bedroom flat in Fakenham. The leaseholder has a 67 year lease and would like to purchase an additional 90 years. He is offering me £21,000 but I am not sure if this is too low an offer
  • I am currently negotiating a lease extension for my flat in Fakenham 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom apartment in Fakenham

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