Top Ten Questions relating to Nether Edge Lease Extensions

  • 35k agreed with the landlord, just attempting to find a Nether Edge for a lease extension. Our flat has circa sixety eight yearsremaining. What's your legal fee ?
  • Hi. I need a to review my lease extension prior to it being signed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few small variations.
  • I have contacted my freeholder to extend my lease for my flat in Nether Edge. Her has been in contact with costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started December 1984.
  • I plan on buying a flat based in Nether Edge. The offer is subject to the lease extension. The homeowner’s has served 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 Norwich and Peterborough Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I am a FTB of a leasehold flat in Nether Edge. The lease has just 64 years unexpired and ground rent is £25. Is it possible for the vendor to serve the Initial Notice and then assign over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 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 vendor? To add to the complexity the freeholder can not be found, so I am not sure how does it work.
  • I wondered if you could help me on the likely cost and the best way to start the lease extension process? I have nearon fivety four years left and I own a two bedroom first floor purpose built maisonette in Nether Edge.
  • Re a leasehold in Nether Edge. upper maisonette. 74 yrs remaining. I have an agreed lease extension to £14k for 125yrs. Freeholder also requested Notice of Claim which I think should not be required. Can you assist.
  • Just been over two years that I have owned my maisonette in Nether Edge. I have 77 yrs remaining on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • We are hoping to purchase a property (a three bedroom first floor purpose built maisonette located inNether Edge with share of freehold). Throughout our search, we were always looking at properties that had at least eighty five years outstanding. We came across a flat we liked and the selling agent promised us that the lease term was not an issue. Today our advised us the lease only has sixety eight years and thus requires a lease extension. Should we walk away, or do we negotiate our offer?

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