Questions and Answers: Marshfield Lease Extensions

  • We are seeking a lease extension for our leasehold house located in Marshfield and we don't fully comprehend the communication that we got from our landlord company. Can you please assist us with this situation?
  • I need to negotiate a lease extension for a flat in Marshfield and want to use a local lawyers. Is there a conveyancers that you can recommend?
  • I'm considering buying a studio flat (leasehold) but the freeholder has been missing for slightly more than 15yrs. My query is would it be less expensive to try to buy the freehold or to get a lease extension and apply for RTM?
  • I am a FTB of a leasehold flat in Marshfield. The lease has only seventy four years left and ground rent is £75. Is it possible for the homeowner to serve the Notice of Claim and then assign this right to me as the purchaser on the day of completion so that I can avoid waiting 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 costly to the homeowner? To add to the complexity it’s the case of an absent freeholder, so I am not sure how this will play out.
  • I have my suspicions that my niece might have had the wool pulled over her eyes. She put in an offer on a garden flat in Marshfield, where the lease is circa 59 years but she was advised by the selling agents that the current owner had extended it to 99 years. She has now been advised the homeowner was waiting for her to appoint solicitors ahead of instigating the lease extension. Sounds underhand, also it will take months to sort it all out. What do you think?
  • I am looking at bidding for an auction property and came upon a one bed flat in Marshfield. It has just fifty year lease..the current owner being mortgagees in possession dont want the aggravation of applying for a lease extension..what are the disadvantages of this except for the expensive fee to extend the lease and reduced chance of getting a mortgage with Godiva Mortgages Ltd?
  • My husband and I have a first floor flat in Marshfield with seventy three years unexpired. Last year we were quoted a deal to grant a lease extension for another thirty years but also uplift the ground rent from notional to a little more..plus a premium I think of about 16k. Finally we have decided to go ahead but do we now have to renegotiate?
  • My OH and I are proceeding with buying a one bedroom second floor purpose built maisonette in Marshfield. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety two years remaining prior to extension). The description on the listing said "sold with a long lease". It turns out as we are about to exchange of contracts we find that the lease has not been extended. The vendor supposedly has a quote but no funds to extend as a result the vendor wishes to exchange and use the deposit monies for the lease extension. My question is why has this only just been brought to my attention by my solicitors?
  • I am the freeholder of a Edwardian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 62 years. What are my next steps?
  • I'm living at parents but have a maisonette in Marshfield let out which has a fivety five year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Marshfield for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
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    Lease Extensions in Marshfield

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