Recently asked questions relating to Hatch and Old Basing Lease Extensions

  • I want to buy a leasehold property and lease extension. The current owner has been there for four years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has fivety nine years unexpired.
  • We are selling our garden flat in Hatch and Old Basing but we may require a lease extension, or possibly cover the expense of our buyers. Are you able to help me find someone to assist?
  • I am considering bidding for an auction property and came upon a studio flat in Hatch and Old Basing. It only has a 41 year lease..the current owner being mortgagees in possession dont want the aggravation of seeking a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and reduced chance of obtaining a mortgage with Bank of Scotland?
  • My wife and I have a first floor flat in Hatch and Old Basing with 61 years left. Last year we were quoted a deal to grant a lease extension for another fifty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 10k. We have now decided to go ahead but do we now have to renegotiate?
  • I am looking to buy a one bed flat in Hatch and Old Basing for asking price of 156k, which has seventy six years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • We have owned a leasehold flat for around fifteen years. There are sixety years outstanding on the lease. After a year of difficult negotiations through my conveyancers and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would welcome advice.
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 71 years. I need a conveyancers at my end. Can you advise please? I live near Hatch and Old Basing and have a mortgage with Bank of Scotland.
  • I note that your website states the likely fee to extend a lease is £495. Is that the total cost including value added tax and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my one bedroom ground floor purpose built maisonette in Hatch and Old Basing
  • I am planning on remortgaging my garden flat in Hatch and Old Basing and the next lender that I am looking to switch to requires a minimum 80 years remaining on the lease in order for them to progress matters. I have discovered that I currently have around 79 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
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    Lease Extensions in Hatch and Old Basing

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