Frequently asked questions relating to Norris Green Lease Extensions

  • I am looking for a lease extension on the lease on my garden flat in Norris Green which will have sixety seven years remaining in August. What fees apply?
  • I want to buy a leasehold property and lease extension. The seller has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has seventy years left.
  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 928 years unexpired so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any help would be much appreciated.
  • I have been in touch with my freeholder for a lease extension for my flat in Norris Green. His property lawyers has been in contact concerning costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started March 199.
  • The terms for the lease on my flat in Norris Green are 101 years from 12 Sep 1980. Can you supply me me a quote for a lease extension if I give you more details please?
  • I am considering whether to 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 £4k to extend the lease. I plan to simultaneously remortgage with Santander to release of equity. The broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease began in 1981 and since then the ground rent has increased from £38.00 per year to £100 per year.
  • I am a first time buyer of a leasehold flat in Norris Green. The lease has only seventy seven years residual lease term and ground rent is £75. Is it possible for the seller to serve the Initial Notice and then transfer over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the current owner? Unfortunately the landlord can not be found, so I am not sure how does it work.
  • My husband and I have a one bedroom flat located in Norris Green. There is eighty years remaining on the lease and we want a lease extension. What will it likely cost to get a lease extension by, say,fifty years
  • My wife and I are aware that others in the same block had already had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Is this advisable?
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    Lease Extensions in Norris Green

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