FAQs concerning Lancing Lease Extensions

  • I’m thinking about a lease extension for our two bed flat in Lancing and we are confused by the letter that we received from our landlord company. Are you able to help us with this situation?
  • I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leasehold owners want to extend their leases and I'm enquiring about the procedure for this
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has fivety six years left.
  • I'm looking for an apartment to purchase in Lancing and I'm not really familiar with the leasehold concept. I've found a ground floor flat I like with a 87 years lease. I've read that I can get a lease extension having owned the property for a couple of years, but:- Is this a given?
  • I am a first time buyer of a leasehold flat in Lancing. The lease has only sixety five years left and ground rent is £95. Is it possible for the homeowner to serve the Section 42 Notice and then assign over the right to me as the purchaser once I complete the buying process so that I can avoid waiting for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the seller? To add to the complexity the landlord is absent, so I am not sure how does it work.
  • I have a share of the freehold. There are three flats in the house. All the leaseholders are now seeking lease extensions. Are you willing to help us with this situation?
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 73 years. I need a at my end. Can you advise please? I live near Lancing and have a mortgage with Barclays Direct.
  • If somebody owns a flat with a lease of less than 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?
  • I'm intent on buying a flat in Lancing at a price of £256,000 the flat has just under 65 years left on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in June, hoping I'd have completed by Christmas. The seller has just informed the agent that they are prepared to knock £5k off if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • Are you able to provide an estimate to extend my mum’s lease on a two bedroom ground floor purpose built flat in Lancing. She already has a price from the freeholder for a lease extension but I am far from certain if it is too expensive.

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