Lease Extensions in Netherley

Common questions relating to Netherley Lease Extensions

I have an interest in the freehold of buildings comprising of 8 flats each. 2 of the leasehold owners want to extend their leases and I'm wondering about the the process

I acquired a property in Netherley and it has around 75 years balance left. I'd like to extend the lease period

I'm about to make an offer on a house in Netherley but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Britannia giving us the mortgage now?

I am going to purchase a flat located in Netherley. The offer is subject to the lease extension. The seller’s has served the Notice of Claim. 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 Barclays . Moreover, which are the following lease extension steps to complete the purchase?

I am looking into the costs of carrying out a lease extension for my maisonette in Netherley, and would like some figures on that.

I am looking to either purchase the freehold or a lease extension of my property in Netherley and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Britannia to free up equity. My adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease began in 1979 and since then the ground rent has increased from £25.00 per year to £125 per annum.

I'm looking for an apartment to purchase in Netherley and I'm not really familiar with the leasehold arrangement. I've found a garden flat I like with a 82 years lease. My research reveals that I can go for a lease extension having owned the property for a couple of years, but:- Is this a given?

My flat in Netherley is up for sale and I have a hopefully firm offer. There is eighty one years remaining on the lease and I want to extend the lease. How much does it cost on average to extend in this area by, say,thirty years

I am looking to buy a one bed flat in Netherley for asking price of 125k, which has 73 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 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?

Do you handle lease extensions on land? (a plot of land in Netherley with 82yrs remaining)

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