Hermon Lease Extensions: Q and A’s

  • We agreed with the head landlord for a lease extension on our flat based in Hermon, 14k for a further 90yrs. Can you please guide us with this situation ?
  • I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. Two of the leasehold owners want to extend their leases and I'm wondering about the procedure for this
  • I need to extend my current lease can you help me with that? I think it has seventy five years outstanding
  • I am looking for a in Hermon and they should be on the Chelsea Building Society approved conveyancers panel as we need a lease extension and remortgage simultaneously. Are you able to recommend any please ?
  • I am going to purchase a flat based in Hermon. My offer is subject to the lease extension. The current 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 Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • Is it possible to talk with you about a leasehold property in Hermon, I am considering buying at auction in the next few days. The flat only has a few years left and I was wondering about how much it would cost to get a lease extension and for your services.
  • We have a residential flat in Hermon with 61 years unexpired. Ten months ago we were quoted a deal to grant a lease extension for another fifty years but also increase ground rent from nominal to £250 per annum..plus a premium I think of approximately 9k. Finally we have decided to proceed but do we now have to renegotiate?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • My wife and I are aware that others in the same building previously had a lease extension, and the landlord was reasonable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on on the prices by others . This would save on double valuation fees. Would you recommend such a course of action?
  • I am currently negotiating a lease extension for my flat in Hermon 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?

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