Common questions relating to Norris Green Lease Extensions

  • I bought a one bedroom first floor purpose built maisonette in Norris Green that I am finding difficult to sell due to the lease requiring a lease extension. How long will it take ?
  • I am looking to extend the lease on my two bedroom ground floor purpose built maisonette in Norris Green which will have fivety four years left in November. What fees are applicable?
  • I plan on buying a flat based in Norris Green. My offer is subject to the lease extension. The owner’s solicitors 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 Coventry Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • In 2010 I purchased a leasehold apartment in Norris Green. I have built a large extension and have not informed the leaseholder. What should I do?
  • I will soon view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has sixety four years residual lease term on the lease. It is also a repo so I'm guessing that the vendor will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • I have my suspicions that my daughter might be having the wool pulled over her eyes. She put in an offer on a ground floor flat in Norris Green, where the lease is circa sixety three years but she was advised by the estate agents that the flat owner had extended it to 99 years. She has now been advised the owner was holding off for her to instruct conveyancers before commencing with the lease extension. Sounds devious, also it will take months to sort it all out. Am I being too sceptical?
  • My mortgage provider is requesting several hundred pounds for their conveyancing practitioners to approve the lease extension deed for my flat in Norris Green... I can find no reference of this in my mortgage contract... is this a standard charge?
  • I am planning to extend the lease on my garden flat in Norris Green I am looking for help to verify the premium. I have a price from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • 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 doing it?
  • Me and my wife are buying a one bedroom apartment in Norris Green which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The seller has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our solicitors to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we have to wait until the new lease is registered?
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    Lease Extensions in Norris Green

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