Common questions relating to Narborough Lease Extensions

  • 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?
  • Think I may have made an error, I am searching for a solicitors in Narborough who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
  • I am looking into the costs of carrying out a lease extension for my maisonette in Narborough, and would like some figures on that.
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I initiate the process, is this correct?
  • I am looking to buy a one bed flat in Narborough for asking price of 125k, which has fivety five 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?
  • My husband has a share of freehold, with two other leaseholders in a building in Narborough. House converted into three apartments. He has a lease, which has circa 66 yrs left. How much would it cost for a lease extension and how many years would he need to extend by?
  • We have owned a leasehold flat for about eighteen years. There are 65 years outstanding on the lease. After a year of difficult negotiations through my solicitors and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.
  • We have been in discussion with our freeholder after having a valuation on our three bed flat in Narborough. We have a sixety five year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • We know that others in the same block had already had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on previous prices . This would save on double valuation charges. Would you suggest this course of action?
  • We currently own a ground floor flat in Narborough and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 68 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?
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    Lease Extensions in Narborough

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