Common questions relating to Feltwell Lease Extensions

  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 928 years outstanding so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any guidance would be much appreciated.
  • Do you only undertake lease extensions in Feltwell? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a .
  • Hi. I need a to have a look at my lease extension prior to it being completed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few small amendments.
  • I have contacted my freeholder to extend my lease for my flat in Feltwell. His has been in contact regarding costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started July 1984.
  • I plan on buying a flat based in Feltwell. The offer is conditional upon a lease extension. The vendor’s has given to the freeholder 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?
  • I am looking into the costs of carrying out a lease extension for my garden flat in Feltwell, and would like some figures on that.
  • I invested in buying a three bed flat in Feltwell. I am looking to extend lease on the property. It is around eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I'm looking for an apartment to buy in Feltwell and I'm not really familiar with the leasehold tenure. I've found a one bedroom first floor purpose built maisonette I like with a 87 years lease. My research reveals that I can get a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Barclays Direct?
  • I am looking to buy a one bed flat in Feltwell for asking price of 125k, which has 64 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 a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • We have owned a leasehold flat for around twenty years. There are sixety years remaining on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.

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