Frequently asked questions relating to Hermon Lease Extensions

  • My OH and I have just acquired a one bedroom ground floor purpose built flat inHermon and I'm deliberating extending the lease as soon as possible e.g. in a couple of years
  • My name´s Finn. I’m flat hunting in Hermon I'm seeing a studio flat online, with nearon 79 years remaining, how much will it likely cost to extend in this area by, say, ninety years?
  • Ref a property in Hermon. lower maisonette. 79 yrs remaining. I have negotiated a lease extension price of £12,000 for 115yrs. Landlord also requested Section 42 Notice which I think is a tad over the top. Advice required.
  • I intend to buy a one bed flat in Hermon for asking price of 156k, which has 54 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 the freeholder 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?
  • I an interested in finding out more about purchasing a leasehold residence. We plan to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Hermon area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • If a leaseholder owns a flat with a lease of less than 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?
  • Just a quick question, how much are the legal fees for a lease extension on a residential property in Hermon for a three bed flat - sec 42 is already in place?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Hermon. I reside in the upper flat. I was reviewing the land registry documents last night when I noticed that my flat is leasehold. There is seventy one years residual lease term. Is it possible to carry out a lease extension without instructing a ?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Hermon
  • Do you handle lease extensions on land? (a plot of land in Hermon with 82yrs remaining)

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