Sample questions relating to Market Harborough Lease Extensions

  • My name´s Arthur. I’m house hunting in Market Harborough I'm deliberating offering on a one bed flat online, with slightly more 66 years outstanding, how much will it likely cost to extend in this area by, say, twenty years?
  • Hello. I need someone to have a look at my lease extension ahead of it being signed just to make sure there's nothing that I haven't seen - it's just a reissue with a few small changes.
  • I am looking at bidding for an auction property and found a studio flat in Market Harborough. It has just 48 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 expensive fee to extend the lease and reduced chance of obtaining a mortgage with Norwich and Peterborough Building Society?
  • I own a share of the freehold. There are four apartments in the building. All the leaseholders are now looking for lease extensions. What are the timescales to grant a lease extension?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My son has a share of freehold, with two other leaseholders in a building in Market Harborough. House converted into three flats. He has a lease, which has around 62 years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I do not need a lease extension but I do need a vesting order on a property I want to buy in Market Harborough. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the rear garden.
  • Me and my husband are in the throws of buying a home (a studio flat based inMarket Harborough with share of freehold). During our search, we were always looking at properties that had at least eighty five years unexpired. We identified a flat we liked and the estate agent promised us that the lease was long albeit not specifying a number. Yesterday our informed us the lease only has 66 years and therefore requires a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I'm hoping for some help with regard to a lease extension on my apartment. I'll be looking to do this next winter as we must move 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 LVT 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?
  • We have a one bedroom apartment in Market Harborough with a lease of 64 years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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