Gaydon Lease Extensions

Common questions relating to Gaydon Lease Extensions

I'm thinking of buying a one bedroom apartment (leasehold) but the freeholder has been absent for around 15yrs. I wonder whether it will be cheaper to try to purchase the reversionary title or to extend lease and apply for right to manage?

I will soon view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 64 years outstanding on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?

I am a FTB of a leasehold flat in Gaydon. The lease has only 55 years outstanding and ground rent is £25. Is it possible for the current owner to serve the Notice of Claim and then assign over the right to me as the purchaser on the day of completion so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the owner? To add to the complexity it’s the case of an missing landlord, so I am not sure how this will play out.

My mortgage lender requires a £500 fee for their to approve the lease extension deed for my flat in Gaydon... I can find no mention of this in my mortgage literature... is this a usual cost that they charge?

I am in need of a lease extension for my flat in Gaydon and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

I am looking to buy a one bed flat in Gaydon for asking price of 145k, which has sixety eight 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?

I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Gaydon. I would be grateful if you can give me a call when you get a chance to discuss the case.

I'm living at mother and father but have a maisonette in Gaydon let out which has a seventy nine 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 Gaydon 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 21k. Not sure sure whether to hold on or sell the flat?

We have been in discussion with our freeholder after having a valuation on our three bed flat in Gaydon. We have a seventy six year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.

I'm looking at purchasing an apartment in Gaydon valued at £256,000 the flat has approaching 77 years remaining on the lease. My offer was subject to the lease being renewed... .. that was back in August, expecting I'd be in by now. They have just informed me that they are prepared to reduce the price by£7k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer

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