Frequently asked questions relating to Merriott Lease Extensions

  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. Two of the leasehold owners want a lease extension and I'm wondering about the the process
  • I need to negotiate a lease extension for a flat in Merriott and want to use a local . Is there a that you can recommend?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has seventy years left.
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 928 years outstanding so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any feedback would be much appreciated.
  • I am going to purchase a flat in Merriott. My offer is subject to the lease extension. The owner’s has given to the freeholder 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 Santander. Moreover, which are the following lease extension steps to complete the purchase?
  • The terms for the lease on my flat in Merriott are 101 years from 12 Sep 1990. Please give me a quote for a lease extension if I give you more information please?
  • I am a FTB of a leasehold flat in Merriott. The lease has only 55 years residual lease term and ground rent is £25. Is it possible for the flat owner to serve the Notice of Claim and then transfer over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the two 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 seller? Unfortunately it’s the case of an absent freeholder, so I am not sure how does it work.
  • I intend to buy a one bed flat in Merriott for asking price of 125k, which has seventy seven 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?
  • Do you handle lease extensions on land? (a plot of land in Merriott with 82yrs remaining)
  • We have a studio flat in Merriott with a lease of seventy six years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Merriott