Examples of recent questions relating to Lease Extensions in Geddington

  • I’m seeking a lease extension for our ground floor flat based in Geddington and we are confused by the letter that we received from our landlord company. Are you willing to help us with this situation?
  • My name´s Henry. I’m house hunting in Geddington I'm considering offering on a one bed flat online, with roughly seventy two years left, how much will it likely cost to extend in this location by, say, fifty years?
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 899 years outstanding so a lease extension is not a worry. 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 25 years without owning the property. Any guidance would be much appreciated.
  • I am looking to buy a maisonette in Geddington with a lease of 60 years but have no idea how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Geddington, and my lease will reach 66 years this May. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I have been in touch with my freeholder for a lease extension for my flat in Geddington. Her has been in contact concerning fees etc. I need an estimate for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started July 1984.
  • I plan on buying a flat in Geddington. The offer is subject to the lease extension. The flat owner’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 Lloyds TSB Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • I am the freeholder of a Victorian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 67 years. What are my next steps?
  • We are hoping to buy a property (a maisonette located inGeddington with share of freehold). Throughout our search, we were always looking at flats that had at least ninety years left on the lease. We found a place we fell in love with and the estate agent assured that the lease term was not an issue. Yesterday our informed us the lease only has 66 years and thus needs a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • My nephew is aware that others in the same block had already had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on previous prices . This would save on double valuation fees. Is this advisable?

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