Questions and Answers: Harbury Lease Extensions

  • I agreed with the freeholder to a lease extension on our flat located in Harbury, 14.5k for another 90yrs. How long is the process ?
  • I am the owner of a maisonnette together with the freehold of both flats. The owners of the downstairs flat have asked to extend the lease what do I need to do?
  • I am going to purchase a flat based in Harbury. The offer is conditional upon a lease extension. The 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 Norwich and Peterborough Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I need to talk to you about an apartment in Harbury, I am considering buying at auction in the next few days. The flat only has a few years unexpired lease and I am curious about what it would cost to get a lease extension and for your services.
  • I am a FTB of a leasehold flat in Harbury. The lease has just 77 years balance left and ground rent is £25. Is it possible for the homeowner to serve the Notice of Claim and then assign over the right to me as the buyer once I complete the buying process so that I don't have to wait for the two 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 may be possible but will it be very time consuming to the flat owner? To add to the complexity it’s the case of an absent freeholder, so I am not sure how does it work.
  • My son has a share of freehold, with two other leaseholders in a building in Harbury. House divided into three apartments. He has a lease, which has nearon seventy yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • I am looking to extend the lease on my three bed flat in Harbury I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living at parents but have a studio flat in Harbury let out which has a 72 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 Harbury 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 13k. Should I keep or sell the flat?
  • My OH and I are acquiring a studio flat in Harbury which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do a pre-completion search on the property title. The concern 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 has not been issued. Is it correct that we have to be patient pending registration of the new lease?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my studio flat in Harbury

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