Questions and Answers: Farringdon Lease Extensions

  • My name´s Lewis. I’m house hunting in Farringdon I'm seeing a three bedroom second floor purpose built flat online, with around 77 years left, how much will it likely cost to get a lease extension by, say, fifty years?
  • I’m about to offer on a maisonette to purchase in the Farringdon area and was interested in finding out how much would it cost for a lease extension? It has seventy eight years left...
  • I plan on buying a flat in Farringdon. My offer is conditional upon a lease extension. The current owner’s property lawyers 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 Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • Think I may have made an error, I am actually looking for a solicitors in Farringdon who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can help me with?
  • I am looking into the costs of carrying out a lease extension for my garden flat in Farringdon, and would like some figures on that.
  • I am looking to buy a one bed flat in Farringdon for asking price of 145k, which has 76 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 question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am in need of some help with a lease extension. I live in Edinburgh but the property in question is based in Farringdon. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to purchase in Farringdon. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the rear garden.
  • We have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Farringdon. We have a fivety six year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a lawyers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • We currently own a studio flat in Farringdon and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 66 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

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