FAQs concerning Horncastle Lease Extensions

  • I bought a property in Horncastle and it has around sixety three years unexpired. I'd like to arrange a lease extension by twenty years
  • I need to negotiate a lease extension for a flat in Horncastle and want to use a local solicitors. Is there a conveyancing practitioners that you can recommend?
  • I'm deliberating over buying a one bedroom apartment (leasehold) but the freeholder has been absent for roughly 15yrs. I wonder whether it will be cheaper to try to buy the freehold or to extend lease and apply for RTM?
  • I am in need of a lease extension for my flat in Horncastle and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am looking to buy a one bed flat in Horncastle for asking price of 156k, which has 68 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 landlord 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?
  • My property lawyers (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?
  • My husband has a share of freehold, with two other leaseholders in a building in Horncastle. House converted into three apartments. He has a lease, which has nearon 67 yrs left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • Just been over two years that I have owned my studio flat in Horncastle. I have seventy nine yrs outstanding on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • Although I do not need a lease extension but I do need a vesting order on a property I want to purchase in Horncastle. The house is freehold but the garden is officially leasehold, 1000 year lease from 1895. Its the rear garden.
  • I have a lease of 78 years remaining on my flat in Horncastle. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Horncastle

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