Horncastle Lease Extensions

Recently asked questions relating to Horncastle Lease Extensions

I am considering investing in a second home but it has a lease that expires in eighteen years. Its in Horncastle - I wanted to see if with your services this could be extended?

I have been in touch with my freeholder for a lease extension for my flat in Horncastle. His has been in contact with costs etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started December 1992.

I plan on buying a flat based in Horncastle. The offer is subject to the lease extension. The homeowner’s has given to the freeholder 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 Birmingham Midshires. Moreover, which are the following lease extension steps to complete the purchase?

Is it possible to talk with you about an apartment in Horncastle, I am considering buying at auction next week. The flat has a short lease and I wanted to inquire about what it would cost to get a lease extension and for your services.

I am about to view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 65 years outstanding on the lease. It is also a repo so I'm guessing that the bank will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?

We are are hoping to complete on a two bedroom first floor purpose built maisonette in Horncastle which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of extending the lease. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must be patient pending registration of the new lease?

I require an estimate to extend my mother’s lease on a two bedroom ground floor purpose built maisonette in Horncastle. She recently got a price from the freeholder for a lease extension but I am not sure it is reasonable.

I am currently negotiating a lease extension for my flat in Horncastle 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 Horncastle with 82yrs remaining)

I'm looking for some advice with regard to a lease extension on my one bedroom second floor purpose built maisonette in Horncastle. I'll be looking to do this sometime next year as we need to move at some point 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?

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