Questions and Answers: Hove Lease Extensions

  • My name´s Jacob. I’m house hunting in Hove I'm seeing a garden flat online, with about sixety three years remaining, how much does it cost on average to extend in this area by, say, twenty years?
  • I am the registered owner of a flat in Hove with a leasehold unexpired nearon 69 years and need to extend it. Please can you clarify the next stages
  • Hi. I need someone to review my lease extension before it's formalised just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few small changes.
  • I am going to purchase a flat based in Hove. The offer is conditional upon a lease extension. The current owner’s lawyers 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 Skipton Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I am looking into the costs of carrying out a lease extension for my garden flat in Hove, and would like some figures on that.
  • We own a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Hove and are therefore considering the option of a vesting order. Is this something you can do for us?
  • My mortgage lender requires a £450 fee for their conveyancing practitioners to agree a lease extension for my flat in Hove... I am unable to find any reference of this in my mortgage guide... is this a usual cost that they charge?
  • I am considering buying an auction property and identified a two bed flat in Hove. It has just 41 year lease..the seller being mortgagees in possession will not want to mess around with applying for a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and decreased chance of getting a mortgage with Leeds Building Society?
  • We wish to extend our lease having owned the place for two years as of 21st Jan 2015. It has nearly seventy eight years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • I am currently negotiating a lease extension for my flat in Hove 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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    Lease Extensions in Hove

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