Hednesford Lease Extensions

Hednesford Lease Extensions Example Support Desk Enquiries

We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 798 years outstanding so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any help would be much appreciated.

I am going to purchase a flat in Hednesford. The offer is subject to the lease extension. The seller’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?

Me and my fiance had entered into buying a garden flat in Hednesford. I was informed that the lease had been extended (63 years outstanding prior to extension). The sales particulars stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The current owner supposedly has a quote but no money to extend and consequently the current owner wishes to exchange and use the 10% deposit to extend the lease. My question is how is possible that the estate agent got it so wrong?

I intend to buy a one bed flat in Hednesford for asking price of 145k, 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 surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

We would like to know the cost of a lease extension valuation for a property based in Hednesford. Would you be able to help?

If somebody owns a flat with a lease of under 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?

I own the freehold of a three bedroom flat in Hednesford. The leaseholders have 77 years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?

We are are hoping to complete on a three bed flat in Hednesford which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of dealing with a lease extension. The vendor 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 conveyancing 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 has not been issued. Is it right that we must be patient pending registration of the new lease?

Just a quick one, how much are the legal fees for a lease extension on a residential property in Hednesford for a two bed flat - sec 42 having been issued?

I own the freehold reversion of a property in Hednesford where the leaseholder has requested a lease extension. Her valuer has provided a figure of £9,000, but has upped this to £10,000 without too much effort. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to incur?

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