Lease Extensions in Horsham

Top Ten Questions relating to Horsham Lease Extensions

We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 798 years remaining so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any advice would be much appreciated.

I acquired a two bedroom first floor purpose built flat in Horsham. I am looking to extend lease on the property. It is about eighty one years. I would just like to know what your charges are and how long it would take for completion.

I am looking to either purchase the freehold or a lease extension of my property in Horsham and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Britannia to release of equity. The adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease began in 1991 and since then the ground rent has been raised from £38.00 per annum to £125 per annum.

I am a first time buyer of a leasehold flat in Horsham. The lease has just 54 years unexpired and ground rent is £50. Is it possible for the homeowner to serve the Section 42 Notice and then assign over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the flat owner? To add to the complexity the landlord can not be found, so I am not sure how this will play out.

My mortgage lender requires several hundred pounds for their to agree a lease extension for my flat in Horsham... I am unable to find any mention of this in my mortgage contract... is this a usual fee to pay?

Me and my husband are proceeding with a purchase of a maisonette in Horsham. I was advised that the lease had been lengthened (sixety five years left prior to extension). The description on the listing stated "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The homeowner supposedly has a quote but no money to extend as a result the homeowner wishes to exchange and use the my deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that Santander won't lend on a lease?

I am looking to buy a one bed flat in Horsham for asking price of 156k, which has fivety 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 landlord 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?

It says on your website the likely fee to extend a lease is £495. Is that the all inclusive cost including value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my maisonette in Horsham

We currently own a three bedroom second floor purpose built maisonette in Horsham and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has fivety nine years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

I am currently negotiating a lease extension for my flat in Horsham 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?

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