Sample questions relating to Margate Lease Extensions

  • I own a leasehold flat in the Margate area and was wondering whether I could obtain a lease extension. What are your processes and charges. Has 74 years outstanding
  • I am looking to purchase a maisonette in Margate with a lease of 71 years but not sure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I am going to purchase a flat located in Margate. My offer is subject to the lease extension. The current owner’s property lawyers has given to the freeholder 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 HSBC Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • I am a first time buyer of a leasehold flat in Margate. The lease has just 63 years balance left and ground rent is £75. Is it possible for the owner to serve the Notice of Claim and then assign this right to me as the purchaser once I complete the buying process so that I don't have to wait 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 consuming to the vendor? Unfortunately the freeholder is absent, so I am not sure how does it work.
  • Are you able to advise on how much it would cost and the best way to start the lease extension process? I have circa 78 years remaining and I own a garden flat in Margate.
  • I am looking at buying an auction property and came upon a one bed flat in Margate. It has just 49 year lease..the vendor being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and reduced chance of obtaining a mortgage with National Westminster Bank?
  • I am seeking advice as I am interested in a property that has only a 57 year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?
  • I am in need of some help with a lease extension. I live in Glasgow but the flat in question is based in Margate. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • We have been in discussion with our freeholder after having a valuation on our garden flat in Margate. We have a sixety seven year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount 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 conveyancers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • It says on your website the anticipated fee to extend a lease is £495. Is that the total cost excluding value added tax and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my studio flat in Margate
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    Lease Extensions in Margate

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