Common questions relating to Lancing Lease Extensions

  • I agreed with the freeholder for a lease extension on our flat based in Lancing, 18k for another 90yrs. Are you able to assist us with this situation ?
  • I bought a property in Lancing and it has approximately 64 years remaining. I'd like to extend the lease period
  • 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?
  • We bought a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Lancing and looking to do a vesting order. Is this something you can do for us?
  • I am a FTB of a leasehold flat in Lancing. The lease has only sixety nine years outstanding and ground rent is £50. Is it possible for the seller to serve the Section 42 Notice and then transfer this right to me as the buyer on the day of completion 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 costly to the owner? To add to the complexity it’s the case of an missing landlord, so I am not sure how does it work.
  • I have my suspicions that my niece is being hoodwinked. She put in an offer on a garden flat in Lancing, where the lease is slightly less 63 years but she was advised by the estate agents that the current owner had extended it to 99 years. Only now has she been advised the current owner was holding off for her to appoint lawyers ahead of instigating the lease extension. Seems underhand, also it could take time to sort it all out. What do you think?
  • I am thinking about purchasing an auction property and came upon a studio flat in Lancing. It has just 49 year lease..the seller being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the disadvantages of this other than the expensive fee to extend the lease and reduced chance of obtaining a mortgage with Birmingham Midshires?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to purchase in Lancing. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the rear garden.
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the total cost including value added tax and the land registry fee? The premium has already been agreed with the freeholder for the lease extension for my garden flat in Lancing
  • I know that others in the same building previously had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on previous prices . This would save on double valuation fees. Would you recommend this course of action?

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