FAQs concerning Gosport Lease Extensions

  • I am going to purchase a flat based in Gosport. My offer is conditional upon a lease extension. The current owner’s has served 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 Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
  • I'm planning on purchasing a one bedroom apartment (leasehold) but the freeholder has been missing for around 15yrs. I wonder whether it will be less expensive to try to acquire the reversionary title or to get a lease extension and apply for right to manage?
  • Think I may have made an error, I am searching for a in Gosport who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can help me with?
  • I am looking into the costs of carrying out a lease extension for my maisonette in Gosport, and would like some figures on that.
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Gosport and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously refinance with Barclays Direct to free up equity. My broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease commenced in 1981 and since then the ground rent has increased from £25.00 per year to £200 per annum.
  • Coming up to 2 years that I have been in my one bed flat in Gosport. I have fivety nine years unexpired lease on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • I note that your website states the likely fee to extend a lease is £495. Is that the all inclusive cost excluding value added tax and the land registry fee? The premium has already been agreed with the freeholder for the lease extension for my garden flat in Gosport
  • Me and my OH are in the throws of buying a property (a three bedroom ground floor purpose built flat based inGosport with share of freehold). Throughout our search, we were always looking at properties that had a minimum 83 years balance left. We came across a flat we liked and the estate agent assured that the lease term was not an issue. Yesterday our informed us the lease only has seventy six years and therefore needs a lease extension. Should we walk 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?
  • I have 73 years remaining on my lease of a ground floor flat in Gosport, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in Gosport

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