Norfolk Broads Lease Extensions: Q and A’s

  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Norfolk Broads, and my lease will reach 78 years this October. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I am a first time buyer of a leasehold flat in Norfolk Broads. The lease has only seventy two years residual lease term and ground rent is £95. Is it possible for the seller to serve the Notice of Claim and then transfer over the right to me as the buyer on the day of completion 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 is achievable but will it be very time consuming to the homeowner? To add to the complexity it’s the case of an missing freeholder, so I am not sure how does it work.
  • I am a landlord of a block of flats in Norfolk Broads, and the leaseholders are in the process of being given lease extensions. I anticipate receiving the money within a month or so. As I am not on self assessment do I write to HMRC ?
  • I am considering bidding for an auction property and found a two bed flat in Norfolk Broads. It only has a 49 year lease..the current owner as mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the drawbacks of this except for the huge fee to extend the lease and reduced chance of obtaining a mortgage with Platform Home Loans Ltd?
  • Regarding a residence in Norfolk Broads. upper maisonette. fivety four yrs remaining. I have negotiated a lease extension price of £12,000 for 125yrs. Freeholder also insisted on Notice of Claim which I think is a bit over the top. Advice required.
  • 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 would like some guidance on purchasing a leasehold residence. We plan to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Norfolk Broads area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • Coming up to 2 years that I have been in my garden flat in Norfolk Broads. I have 65 years unexpired lease on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 350K, 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: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
  • Just a quick question, how much does it cost for a lease extension on a residential property in Norfolk Broads for a one bed flat - sec 42 is already in place?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in Norfolk Broads

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