FAQs concerning Lound Lease Extensions

  • So this is the scenario: I own a two bedroom first floor purpose built flat in Lound that I am finding difficult to sell as a result of the lease needing a lease extension. Can you please help me with this situation ?
  • I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. Two of the leaseholders want a lease extension and I'm enquiring about the procedure for this
  • We acquired a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Lound and are therefore deliberating the option of a vesting order. Is this something you can do for us?
  • I am considering purchasing an auction property and came upon a two bed flat in Lound. It only has a 49 year lease..the seller as mortgagees in possession will not want to mess around with seeking a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and decreased chance of obtaining a mortgage with Coventry Building Society?
  • I have a share of the freehold. There are five apartments in the block. All the leaseholders are now looking for lease extensions. Are you willing to assist us with this situation?
  • We would like to extend our lease having owned the apartment for two years as of 22nd March 2015. It has around seventy two years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.
  • I am looking to buy a one bed flat in Lound for asking price of 125k, which has 68 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 easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm looking at purchasing a flat in Lound at a price of £210,000 the flat has approximately 55 years remaining on the lease. My offer was subject to the lease being extended... .. that was back in August, hoping I'd be in before now. They have just come back saying that they are prepared to knock £4k off if I deal with the lease extension myself. I'm not sure whether that's a good idea
  • I require an estimate to extend my mum’s lease on a ground floor flat in Lound. She already has a price from the landlord for a lease extension but I am far from certain if it is reasonable.
  • We currently own a two bedroom first floor purpose built maisonette in Lound 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 67 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? Do I contact the freeholder first and will they be able to give me a cost?
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    Lease Extensions in Lound

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