FAQs concerning Ferring Lease Extensions

  • I am considering investing in a second home but it has a lease that expires in twenty years. Its in Ferring - I wanted to see if with your services this could be extended?
  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 798 years outstanding so a lease extension is not a concern. 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 twenty years without owning the property. Any information would be much appreciated.
  • I am looking for a in Ferring and they should be on the National Westminster Bank approved conveyancers panel as we need a lease extension and remortgage simultaneously. Are you able to recommend a ?
  • I plan on buying a flat in Ferring. My offer is conditional upon a lease extension. The current owner’s has given to the freeholder the Notice of Claim. 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?
  • We had entered into a purchase of a one bedroom apartment in Ferring. I was assured that the lease had been lengthened (fivety eight years unexpired lease prior to extension). The description on the listing stated "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The current owner supposedly has a quote but no money to extend and consequently the flat owner wants to exchange and use the my deposit to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • I'm looking at acquiring an apartment in Ferring at a price of £210,000 the flat has approaching 77 years remaining on the lease. I put in an offer conditional upon a lease extension... .. that was back in June, hoping I'd have completed before now. They have just informed me they'll knock £4k off if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Ferring for a one bed flat - section 42 having been issued?
  • I own the freehold reversion of a property in Ferring where the leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to face?
  • I have a lease of 77 years remaining on my flat in Ferring. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Ferring