Questions and Answers: Horley Lease Extensions

  • I am considering investing in a holiday home but it has a lease that expires in eighteen years. Its in Horley - I wanted to see if with your services this could be extended?
  • I'm wanting to make an offer on a house in Horley but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Bank of Ireland giving us the mortgage now?
  • I am going to purchase a flat in Horley. The offer is subject to the lease extension. The vendor’s has served the Section 42 Notice. 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 Norwich and Peterborough Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • In 2012 I purchased a leasehold flat in Horley. I have built a huge extension and have not informed my freeholder. What should I do?
  • I am concerned that my niece is being hoodwinked. She submitted an offer on a garden flat in Horley, where the lease is nearon sixety eight years but she was told by the selling agents that the current owner had extended it to 125 years. Only now has she been advised the vendor was holding off for her to instruct solicitors ahead of instigating the lease extension. Sounds devious, also it will take a while to sort it all out. Am I reading too much into it?
  • 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?
  • If a leaseholder 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 doing it?
  • I'm seeking some advice with regard to a lease extension on my maisonette. I'll be looking to do this in nine months time as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • My wife and I are concerned about getting a lease extension from tricky landlord. Regardless of the fact that the correct procedures were followed under the appropriate legislation, the landlord still tried to get ground rent of £300 increasing by 100% every 25 years of the new term. Can you help?
  • I have 59 years remaining on my lease of a ground floor flat in Horley, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

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