Common questions relating to Ferring Lease Extensions

  • I acquired a property in Ferring and it has circa 63 years balance left. I'd like to extend the lease period
  • I am looking to extend the lease on my three bedroom ground floor purpose built maisonette in Ferring which will have 68 years unexpired lease in August. What fees are applicable?
  • I own a leasehold flat in Ferring. I have built a big extension and have not informed the leaseholder. What are my options?
  • My mortgage provider is requesting a £600 fee for their conveyancing practitioners for a "deed of substituted security" for the lease extension for my flat in Ferring... I can find no reference of this in my mortgage guide... is this a normal charge?
  • I am looking to buy a one bed flat in Ferring for asking price of 125k, which has seventy nine 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 surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am seeking advice as I am interested in a property that has only a 64 year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?
  • My son has a share of freehold, with two other leaseholders in a building in Ferring. House split into three flats. He has a lease, which has approximately sixety five yrs left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I'm living at mother and father but have a maisonette in Ferring let out which has a seventy seven year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Ferring for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • Coming up to 2 years that I have owned my maisonette in Ferring. I have fivety seven years unexpired lease on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Ferring based property lawyers or any will do fine?
  • Me and my sister are acquiring a three bedroom first floor purpose built maisonette in Ferring which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of dealing with a lease extension. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our conveyancing practitioners to do a pre-completion search on the lease. The problem here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we have to wait pending registration of the new lease?
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    Lease Extensions in Ferring

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