Frequently asked questions relating to Moreton In Marsh Lease Extensions

  • I purchased a flat in Moreton In Marsh with a leasehold unexpired around 60 years and need to extend it. Please can you clarify the next steps
  • I am about to put an offer in on a three bedroom ground floor purpose built flat in Moreton In Marsh with a lease of 60 years but have no idea 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 own a maisonnette and the freehold reversion. My downstairs neighbours have asked for a lease extension what do I need to do?
  • I plan on buying a flat located in Moreton In Marsh. The offer is conditional upon a lease extension. The vendor’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 HSBC Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • Possibly made a mistake, I am actually looking for a in Moreton In Marsh who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can help me with?
  • I am looking to buy a one bed flat in Moreton In Marsh for asking price of 145k, which has 69 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 query 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?
  • I have a freehold of a 2 bedroom flat in Moreton In Marsh. The leaseholders have seventy four years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • We are in the throws of buying a home (a ground floor flat based inMoreton In Marsh with share of freehold). Throughout our search, we were always looking at apartments that had at least eighty five years left. We came across a apartment we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Yesterday our informed us the lease only has sixety five years and thus needs a lease extension. Should we walk away, or do we reduce our offer?
  • I am currently negotiating a lease extension for my flat in Moreton In Marsh as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We have a one bedroom apartment in Moreton In Marsh with a lease of 70 years left with a value of around £410000 we want to add 90 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 Moreton In Marsh