Common questions relating to Hoyland Lease Extensions

  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 55 years outstanding.
  • Do you only advise on lease extensions in Hoyland? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a .
  • I plan on buying a flat in Hoyland. My offer is conditional upon a lease extension. The owner’s has served 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 Direct. 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 GFF in Hoyland, and would like some figures on that.
  • I am a first time buyer of a leasehold flat in Hoyland. The lease has just 65 years remaining and ground rent is £50. Is it possible for the seller to serve the Notice of Claim 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 owner? To add to the complexity the freeholder can not be found, so I am not sure how does it work.
  • We would like to extend our lease having owned the flat for 2 years as of 1st Jan 2016. It has nearon sixety years remaining currently. Hoping to get a lease extension by another 90 years as quickly and stress free as is reasonably achievable.
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • We are in the throws of buying a property (a three bed flat based inHoyland with share of freehold). Throughout our search, we were always looking at properties that had at least ninety years balance left. We identified a apartment we liked and the estate agent promised us that the lease was long albeit not specifying a number. Yesterday our informed us the lease only has sixety four years and therefore requires a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I own the freehold of a couple of flats. Someone has the lease on the ground flat in Hoyland. I live in the upper flat. I was reviewing the land registry documents recently when I noticed that my flat is leasehold. There is 79 years unexpired. Is it possible to do a lease extension without using a ?
  • I'm looking for some advice with regard to a lease extension on my studio flat in Hoyland. 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. Can you recommend a good who specialises in lease extensions?

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