Recently asked questions relating to Hainault Lease Extensions

  • I invested in buying a flat in Hainault with a leasehold unexpired about 77 years and need a lease extension. Please can you advise me of the next stages
  • I am going to purchase a flat in Hainault. The offer is subject to the lease extension. The homeowner’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 Norwich and Peterborough Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • My neighbours and I are in a block containing three flats in Hainault and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am looking into the costs of carrying out a lease extension for my one bed flat in Hainault, and would like some figures on that.
  • I bought a studio flat in Hainault. I am looking for a lease extension on the property. It is approaching 80 years. I would just like to know what your charges are and how long the process takes.
  • Me and my sister have owned a leasehold flat for approximately twenty years. It now has fivety four years unexpired lease on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would welcome some independent thoughts.
  • I am in need of some help with a lease extension. I live in Edinburgh but the property in question is based in Hainault. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Me and my sister are are hoping to complete on a garden flat in Hainault which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The owner has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our to do a pre-completion search on the lease. 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 is not known. Is it right that we must be patient pending registration of the new lease?
  • We are hoping to buy a property (a studio flat based inHainault with share of freehold). During our search, we were always looking at properties that had at least eighty five years balance left. We found a place we liked and the selling agent assured that the lease was long albeit not specifying a number. Yesterday our told us the lease only has 67 years and thus requires a lease extension. Should we walk away, or should 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'm hoping for some assistance with regard to a lease extension on my apartment. I'll be looking to do this in six months time as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?

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