Recently asked questions relating to Horsford Lease Extensions

  • I purchased a garden flat based in Horsford with a leasehold unexpired of sixety eight years. I am curious about what it will cost me to extend my lease
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Horsford, and my lease will reach sixety six years this January. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I am going to purchase a flat based in Horsford. My offer is conditional upon a lease extension. The vendor’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 Barclays . Moreover, which are the following lease extension steps to complete the purchase?
  • Think I may have made a mistake, I am searching for a in Horsford who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can help me with?
  • I am looking into the costs of carrying out a lease extension for my two bedroom second floor purpose built flat in Horsford, and would like some figures on that.
  • I am considering acquiring an auction property and found a two bed flat in Horsford. It has just 49 year lease..the vendor being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and decreased chance of obtaining a mortgage with Platform Home Loans Ltd?
  • I intend to buy a one bed flat in Horsford for asking price of 145k, which has 56 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 easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am currently negotiating a lease extension for my flat in Horsford 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?
  • We have a maisonette in Horsford with a lease of sixety one years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?

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