FAQs concerning Longlands Lease Extensions

  • My wife has an apartment located in Longlands which we have just put on the market. The leasehold has around 62 years left on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Many thanks.
  • I plan on buying a flat located in Longlands. The offer is subject to the lease extension. The flat 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 Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I have a leasehold flat in Longlands. I have built a huge extension and have not informed my leaseholder. What should I do?
  • My mortgage provider requires several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Longlands... I am unable to find any reference of this in my mortgage contract... is this a normal charge?
  • My flat in Longlands is up for sale and I have a hopefully firm offer. There is 82 years left on the lease and I want a lease extension. What does it cost on average to extend in this area by, say,fifty years
  • I am looking to buy a one bed flat in Longlands for asking price of 145k, which has sixety eight years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • Just been over 2 years that I have been in my ground floor flat in Longlands. I have 67 years left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Longlands based or any will do fine?
  • Me and my OH have been in discussion with our freeholder after having a valuation on our maisonette in Longlands. We have a sixety seven year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I have a freehold of a three bedroom flat in Longlands. The leaseholders have seventy five years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • I am currently negotiating a lease extension for my flat in Longlands as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Longlands