FAQs concerning Noak Hill Lease Extensions

  • 40k agreed with the freeholder, just trying to find a Noak Hill for a lease extension. Our flat has circa seventy yrsoutstanding. How long will this take ?
  • I am looking for a lease extension on the lease on my garden flat in Noak Hill which will have 78 years unexpired lease in September. What fees do you charge for this?
  • I am interested in getting a lease extension for a flat in Noak Hill and want to use a local . Are you able to help me find a ?
  • I'm about to make an offer on a house in Noak Hill 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 Bank of Ireland giving us the mortgage now?
  • 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?
  • My mortgage lender requires a £500 fee for their for a "deed of substituted security" for the lease extension for my flat in Noak Hill... I can find no mention of this in my mortgage contract... is this a usual cost that they charge?
  • I intend to buy a one bed flat in Noak Hill for asking price of 125k, which has seventy years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query 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 living at mother and father but have a one bed flat in Noak Hill let out which has a sixety year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Noak Hill for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • I am currently in the process of refinancing my 2 bed flat in Noak Hill and the next lender that I am looking to move to requires at least 80 years remaining on the lease in order for them to take the mortgage forward. We currently have around seventy eight years on the leasehold so require some help, guidance, and some quotes to get the wheels in motion for a lease extension
  • We have a one bedroom apartment in Noak Hill with a lease of 75 years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?

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