FAQs concerning Faringdon Lease Extensions

  • My name´s Teddy. I’m property hunting in Faringdon I'm seeing a one bedroom apartment online, with around 65 years unexpired lease, how much will it likely cost to get a lease extension by, say, thirty years?
  • Hello, I am looking somewhere around or in Faringdon 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I inherited a one bed flat in Faringdon with a leasehold unexpired of seventy four years. I am curious about what it will cost me to extend my lease term
  • We hope to sell our 2 bed flat in Faringdon but we may need to extend the lease, or at least cover the expense of our buyers. Are you able to help me find a lawyers to handle this?
  • We are in a block containing four flats in Faringdon 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'm looking for a flat to purchase in Faringdon and I'm not really familiar with the leasehold title. I've identified a garden flat I like with a 82 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Aldermore?
  • I am a first time buyer of a leasehold flat in Faringdon. The lease has only 75 years left and ground rent is £75. Is it possible for the flat owner to serve the Initial Notice and then transfer over the right to me as the buyer 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 flat owner? To add to the complexity the freeholder is absent, so I am not sure how this will play out.
  • I am currently in the process of remortgaging my three bed flat in Faringdon and the bank that I am looking to switch to requires a minimum 85 years on the leasehold of my property in order for them to progress matters. We currently have around 79 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Faringdon 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?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom ground floor purpose built maisonette in Faringdon
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    Lease Extensions in Faringdon

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