Top Ten Questions relating to Friday Hill Lease Extensions

  • I inherited a two bedroom first floor purpose built flat in Friday Hill that I am finding difficult to sell due to the lease requiring a lease extension. How long will it take ?
  • I invested in buying a garden flat based in Friday Hill with a leasehold unexpired of sixety two years. I am enquiring about how much I will need to spend to extend my lease term
  • I plan on buying a flat located in Friday Hill. The offer is conditional upon a lease extension. The seller’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 National Westminster Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • I am considering whether to purchase the freehold or a lease extension of my property in Friday Hill and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Barclays to free up equity. The broker handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease began in 1981 and since then the ground rent has increased from £15.00 per annum to £200 per annum.
  • Regarding a residence in Friday Hill. lower maisonette. fivety six yrs remaining. I have negotiated a lease extension price of £14k for 115yrs. Freeholder also requested Notice of Claim which I think should not be necessary. Advice required.
  • We have a GFF in Friday Hill. There is eighty years left on the lease and we want a lease extension. How much will it likely cost to get a lease extension by, say,35 years
  • Me and my husband are proceeding with a purchase of a one bedroom apartment in Friday Hill. I was advised by the EA that the lease extension had already been completed while on a viewing (fivety nine years unexpired lease prior to extension). The sales particulars stated "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The seller supposedly has a quote but no money to extend and consequently the current owner wishes to exchange and use the deposit monies for the lease extension. My question is is it not odd that my didn't pick this up far earlier than just before exchange?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around fivety nine years. I need a at my end. Can you advise please? I live near Friday Hill and have a mortgage with Bank of Scotland.
  • Are you able to provide an estimate to extend my mum’s lease on a one bedroom apartment in Friday Hill. She already has a price from the landlord for a lease extension but I am far from certain if it is reasonable.

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