Recently asked questions relating to Ferring and Goring Lease Extensions

  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 64 years left.
  • Hello. I need a to have a look at my lease extension before it's signed just to ensure there's nothing that I haven't seen - it's just a reissue with a few small amendments.
  • We invested in buying a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Ferring and Goring and are therefore thinking about the option of a vesting order. Is this something you can do for us?
  • My wife and I have a residential flat in Ferring and Goring with sixety nine years to run. Last year we were quoted a deal to receive a lease extension for a further 25 years but also increase ground rent from notional to a little more..plus a premium I think of approximately 14k. We have now decided to go ahead but do we now have to renegotiate?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • We have owned a leasehold flat for around twenty years. There are seventy years outstanding on the lease. After 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 LVT and would appreciate some independent thoughts.
  • If somebody owns a flat with a lease of under 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?
  • Me and my fiance are acquiring a one bed flat in Ferring and Goring which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do a pre-completion search on the property title. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we have to wait until the new lease is registered?
  • I am currently negotiating a lease extension for my flat in Ferring and Goring 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 have a lease of 79 years remaining on my flat in Ferring and Goring. 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?

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