Common questions relating to Lincoln Lease Extensions

  • My partner has an apartment in Lincoln which we have just put on the market. The leasehold has about 71 years remaining on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.
  • I own a leasehold flat in the Lincoln area and was enquiring if I could obtain a lease extension. What are your processes and fees. Has fivety eight years remaining
  • I'm planning to make an offer on a house in Lincoln but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Barclays Direct giving us the mortgage now?
  • My co-lessees and I are in a building consisting of four flats in Lincoln and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • What will I need to spend and what is the best way to get a lease extension started? I have nearly 64 years remaining on my lease on a studio flat in Lincoln. I have contacted the agent who represent the freeholder and they sent me the number for the surveyor. I telephone the surveyor but I am not getting any returned calls.
  • I am looking to buy a one bed flat in Lincoln for asking price of 156k, which has 79 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am in need of some help with a lease extension. I live in Belfast but the flat in question is based in Lincoln. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • 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?
  • I am the registered freeholder to two flats. Someone has the lease on the garden flat in Lincoln. I reside in the upper flat. I was looking at the title deeds yesterday when I noticed that my flat has a lease on it. There is 65 years residual lease term. Is it possible to do a lease extension without using a property lawyers?
  • I have a lease of 61 years remaining on my flat in Lincoln. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Lincoln

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