Nag's Head Lease Extensions Example Support Desk Enquiries

  • I inherited a three bed flat in Nag's Head that I am finding difficult to sell due to the lease requiring a lease extension. Are you able to help me with this situation ?
  • I invested in buying a flat in Nag's Head with a leasehold unexpired about seventy four years and need to extend it. Please can you advise me of the next steps
  • I have a share of the freehold. There are three apartments in the block. All the leaseholders are now requiring lease extensions. What are the timescales to grant a lease extension?
  • Me and my wife are considering buying a maisonette in Nag's Head which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I commence the process, is this correct?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I an interested in finding out more about purchasing a leasehold residence. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Nag's Head area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • I own the freehold reversion of a property in Nag's Head and a leaseholder has requested a lease extension. Her valuer has given a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My valuer has put forward a much higher figure. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
  • 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 have a lease of sixety eight years remaining on my flat in Nag's Head. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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