FAQs concerning Meir Lease Extensions

  • I bought a maisonette in Meir that I now cannot sell due to the lease requiring a lease extension. What's your legal fee ?
  • I have got a leasehold flat in the Meir area and was enquiring if I could get a lease extension. What are your processes and charges. There are seventy eight years balance left
  • I need to extend my existing lease can you help me with that? I think it has 68 years outstanding
  • I'm planning to make an offer on a house in Meir but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Nottingham Building Society giving us the mortgage now?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 63 years outstanding.
  • I plan on buying a flat based in Meir. The offer is subject to the lease extension. The flat owner’s has served the Section 42 Notice. 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 The Mortgage Works. Moreover, which are the following lease extension steps to complete the purchase?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • I am the freeholder of a property in Meir where the leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £8,000, but has upped this to £10,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to face?
  • My friend knows that others in the same block had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on previous prices . This would save on double valuation fees. Is this advisable?
  • I'm looking for some advice with regard to a lease extension on my studio flat in Meir. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal 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?
  • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Meir