Norris Green Lease Extensions: Q and A’s

  • I am looking for a lease extension on the lease on my maisonette in Norris Green which will have 56 years left in June. What fees do you charge for this?
  • I am looking for a lawyers in Norris Green and they should be on the Britannia approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend any please ?
  • I inherited a ground floor flat in Norris Green. The lease started in 1991 for 99 years. Now I am looking to extend the lease. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
  • I am looking to either purchase the freehold or a lease extension of my property in Norris Green and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with The Mortgage Works to free up equity. My broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease started in 1979 and since then the ground rent has increased from £25.00 per annum to £100 per annum.
  • I am about to view a two bedroom maisonette, although not exactly my perfect 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 one years residual lease term on the lease. It is also a repossession so I'm guessing that the bank will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am a freeholder of a block of flats in Norris Green, and the lessees are in the process of being granted lease extensions. I should hopefully get the money within a month or so. As I am not on self assessment do I contact the tax authorities ?
  • I am thinking about acquiring an auction property and identified a studio flat in Norris Green. It only has a fifty year lease..the seller being mortgagees in possession will not want to mess around with applying for a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and reduced chance of getting a mortgage with Nottingham Building Society?
  • 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 quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I am planning on refinancing my maisonette in Norris Green and the new lender that I am looking to switch to requires at least 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around seventy nine years on the leasehold so require some advice, guidance, and some quotes to set the wheels in motion for a lease extension
  • We currently own a garden flat in Norris Green and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 64 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
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    Lease Extensions in Norris Green

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