Lapworth Lease Extensions

Examples of recent questions relating to Lease Extensions in Lapworth

I am going to purchase a flat based in Lapworth. The offer is conditional upon a lease extension. The current owner’s has served the Section 42 Notice. 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 Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I'm looking for an apartment to buy in Lapworth and I'm not really familiar with the leasehold title. I've found a garden flat I like with a 90 years lease. My research reveals that I can get a lease extension after 2 years, but:- Should I anticipate any issue with my proposed mortgage lender Norwich and Peterborough Building Society?

What will I need to spend and what is the best way to start the lease extension process? I have nearon 67 years left on my lease on a ground floor flat in Lapworth. I have contacted the managing agents who act on behalf of the head landlord and they provided me with the number of the valuer. I left a phone message for the surveyor but I am not getting any returned calls.

I am concerned that my niece is being hoodwinked. She put in an offer on a maisonette in Lapworth, where the lease is around fivety six years but she was informed by the estate agents that the flat owner had extended it to 125 years. She has now been advised the seller was waiting for her to instruct conveyancers ahead of instigating the lease extension. Seems devious, also it may take a while to sort it all out. Am I being too sceptical?

I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 75 years. I need a at my end. Can you advise please? I live near Lapworth and have a mortgage with Bank of Scotland.

If somebody 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 doing it?

My husband and I are buying a ground floor flat in Lapworth which has share of freehold and a leasehold. The lease was on the short side so the vendor commenced extending the lease. The vendor has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our to do OS1 search on the property title. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we must be patient until the new lease is registered?

We currently own a studio flat in Lapworth 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 sixety three years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Lapworth

I'm looking for some advice with regard to a lease extension on my three bedroom ground floor purpose built flat in Lapworth. 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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