Recently asked questions relating to Nag's Head Lease Extensions

  • I bought a property in Nag's Head and it has nearon fivety nine years outstanding. I'd like to arrange a lease extension by twenty years
  • I am looking at investing in a second home but it has a lease that expires in twenty years. Its in Nag's Head - I wanted to see if with your services this could be extended?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • We are selling our one bedroom apartment in Nag's Head but we may need to extend the lease, or possibly cover the expense of our buyers. Are you able to help me find a solicitors to undertake the legal formalities?
  • We wish to extend our lease. We will have been in the property for 2 years as of 1st May 2015. It has circa 72 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as is reasonably achievable.
  • I intend to buy a one bed flat in Nag's Head for asking price of 125k, which has 66 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder 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'm intent on acquiring an apartment in Nag's Head valued at £256,000 the flat has approximately seventy six years left on the lease. I put in an offer subject to a lease extension... .. that was back in August, expecting I'd have moved in before Christmas. They have just informed the agent they'll knock £5k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • I am planning on refinancing my studio flat in Nag's Head and the bank that I am looking to move to requires at least 80 years on the leasehold of my property in order for them to progress matters. We currently have around fivety seven years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Nag's Head 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?
  • I'm looking for some advice with regard to a lease extension on my three bed flat in Nag's Head. 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. Can you recommend a good conveyancers who specialises in lease extensions?

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