North End Lease Extensions

Common questions relating to North End Lease Extensions

I have shares in the freehold of buildings comprising of seven flats each. 2 of the leaseholders want to extend their leases and I'm wondering about the the process

I own a leasehold flat in the North End area and was enquiring whether I could obtain a lease extension. What are your processes and fees. There are seventy four years residual lease term

I want to purchase a leasehold property and lease extension. The homeowner has been there for four 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 concerned that my niece might have had the wool pulled over her eyes. She submitted an offer on a one bedroom apartment in North End, where the lease is around 66 years but she was advised by the selling agents that the owner had extended it to 99 years. Only now has she been advised the flat owner was holding off for her to retain lawyers ahead of instigating the lease extension. Seems underhand, also it may take a while to sort it all out. Am I reading too much into it?

I am a freeholder of a block of flats in North End, and the leaseholders are in the process of being issued lease extensions. I should hopefully get funds within a month or so. How does the tax work, the property is co-owned with my wife ?

I am looking at purchasing an auction property and identified a one bed flat in North End. It only has a fifty year lease..the current owner as mortgagees in possession will not want to mess around with seeking a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with Platform Home Loans Ltd?

My son has a share of freehold, with two other leaseholders in a building in North End. House converted into three apartments. He has a lease, which has nearon seventy years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?

If somebody 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?

I know that others in the same block had already had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation charges. Would you suggest this course of action?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in North End

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in North End