Hermon Lease Extensions

Hermon Lease Extensions: Q and A’s

I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. 2 of the leasehold owners want a lease extension and I'm enquiring about the the process

My partner has a flat located in Hermon which we have just put on the market. The leasehold has nearly 67 years balance left on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Many thanks.

Hello. I need a to review my lease extension before it's formalised just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few small amendments.

I am looking to either purchase the freehold or a lease extension of my property in Hermon and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Barnsley Building Society to free up equity. The broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease started in 1979 and since then the ground rent has been raised from £38.00 per year to £100 per year.

I'm looking for an apartment to purchase in Hermon and I'm not really familiar with the leasehold title. I've found a maisonette I like with a 87 years lease. I've read that I can get a lease extension after 2 years, but:- Should I anticipate any issue with the mortgage?

I am a first time buyer of a leasehold flat in Hermon. The lease has just sixety years unexpired and ground rent is £95. Is it possible for the vendor to serve the Notice of Claim and then transfer over the right to me as the buyer on the day of completion 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 may be possible but will it be very time consuming to the homeowner? Unfortunately it’s the case of an absent landlord, so I am not sure how this will play out.

I intend to buy a one bed flat in Hermon for asking price of 125k, which has seventy five 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 query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?

I'm living with my mum and dad but have a garden flat in Hermon let out which has a sixety eight 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 Hermon 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 21k. Not sure sure whether to hold on or sell the flat?

I note that your website states the anticipated fee for dealing with a lease extension is £495. Is that the all inclusive cost including value added tax and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my studio flat in Hermon

We have a one bed flat in Hermon with a lease of fivety eight years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

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