Frequently asked questions relating to Hockley Heath Lease Extensions

  • We agreed with the freeholder to a lease extension on our flat based in Hockley Heath, 16.5k for an additional 90yrs. How long will it take ?
  • I am fairly sure that our has advised us incorrectly concerning a lease extension and I want to find out how to go about making a formal complaint
  • I am going to purchase a flat located in Hockley Heath. My offer is conditional upon a lease extension. The flat owner’s has given to the freeholder 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 Halifax. Moreover, which are the following lease extension steps to complete the purchase?
  • The intention is to sell our GFF in Hockley Heath but we may need to extend the lease, or at least cover the expense of our purchaser. Can you recommend a to handle this?
  • I will soon view a one bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has sixety eight years left on the lease. It is also a repossession so I'm guessing that the bank will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • I am looking to buy a one bed flat in Hockley Heath for asking price of 145k, which has seventy eight 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 surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • Me and my partner have been in discussion with our freeholder after having a valuation on our ground floor flat in Hockley Heath. We have a 76 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I am currently negotiating a lease extension for my flat in Hockley Heath 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?
  • Do you handle lease extensions on land? (a plot of land in Hockley Heath with 82yrs remaining)

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