Examples of recent questions relating to Lease Extensions in Northfield

  • I am looking for a in Northfield and they need to be on the Halifax approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend a ?
  • I purchased a studio flat in Northfield. The start date for the lease was in 1998 for 99 years. Now I am looking for a lease extension. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
  • We are in a building consisting of four flats in Northfield and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Northfield and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Barclays Direct to free up equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease commenced in 1972 and since then the ground rent has been raised from £38.00 per annum to £125 per annum.
  • I'm looking for an apartment to purchase in Northfield and I'm not really familiar with the leasehold tenure. I've found a one bedroom apartment I like with a 91 years lease. My research reveals that I can go for a lease extension after a couple of years, but:- Should I anticipate any issue with the mortgage?
  • My mortgage lender is requesting a £600 fee for their to approve the lease extension deed for my flat in Northfield... I can find no reference of this in my mortgage booklet... is this a normal charge?
  • Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Northfield for a three bed flat - sec 42 having been issued?
  • My brother is aware that others in the same building previously had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?
  • I am planning on remortgaging my one bedroom apartment in Northfield and the mortgage company that I am looking to switch to needs a minimum 80 years remaining on the lease in order for them to take the mortgage forward. I have found that I currently have around seventy six years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Northfield as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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