Frequently asked questions relating to Harbury Lease Extensions

  • I agreed with the landlord for a lease extension on our flat in Harbury, 14k for another 90yrs. What's your legal fee ?
  • I am the registered owner of a property in Harbury and it has circa 61 years remaining. I'd like to extend the lease period
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Harbury, and my lease will reach fivety six years this November. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I am looking into the costs of carrying out a lease extension for my three bedroom second floor purpose built maisonette in Harbury, and would like some figures on that.
  • I am about to view a one bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has sixety five years balance left on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • I am a FTB of a leasehold flat in Harbury. The lease has only 67 years remaining and ground rent is £95. Is it possible for the flat owner to serve the Notice of Claim and then transfer over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year requisite 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 costly to the current owner? To add to the complexity the freeholder is absent, so I am not sure how does it work.
  • If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • My husband and I are in the throws of buying a property (a garden flat based inHarbury with share of freehold). Throughout our search, we were always looking at flats that had a minimum eighty five years left on the lease. We identified a flat we fell in love with and the estate agent assured that the lease term was not an issue. Today our told us the lease only has 70 years and thus needs a lease extension. Do we run away, or do we reduce our offer?
  • I am currently negotiating a lease extension for my flat in Harbury as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • I have a lease of fivety seven years remaining on my flat in Harbury. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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