FAQs concerning Northfield Lease Extensions

  • I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has seventy nine years outstanding
  • I plan on buying a flat located in Northfield. My offer is subject to the lease extension. The seller’s conveyancing practitioners has given to the freeholder the Section 42 Notice. 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 Britannia. Moreover, which are the following lease extension steps to complete the purchase?
  • The terms for the lease on my flat in Northfield are 99 years from 1 Sep 1990. Please provide me a quote to extend the lease if I give you more specifics please?
  • Is it possible to talk with you about a leasehold property in Northfield, I am thinking of buying at auction next week. The flat only has a few years left and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • I am about to view a one bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has seventy one years balance left on the lease. It is also a repossession so I'm assuming that the bank will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • I am a first time buyer of a leasehold flat in Northfield. The lease has just sixety eight years outstanding and ground rent is £95. Is it possible for the seller to serve the Initial Notice and then assign over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 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 is legal but will it be very time costly to the homeowner? Unfortunately it’s the case of an absent landlord, so I am not sure how this will play out.
  • Re a leasehold in Northfield. GFF maisonette. 68 yrs unexpired. I have an agreed lease extension to £20k for 125yrs. Freeholder also insisted on Initial Notice which I think should not be necessary. Advice required.
  • My wife and I have a GFF based in Northfield. There is eighty years left on the lease and we want to extend the lease. What will it likely cost to get a lease extension by, say,ninety years
  • Just been over two years that I have owned my garden flat in Northfield. I have seventy seven years remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Northfield based lawyers or any will do fine?
  • I'm intent on buying a flat in Northfield valued at £210,000 the flat has just under 70 years unexpired on the lease. My offer was conditional upon a lease extension... .. that was back in November, hoping I'd have completed before now. The seller has just informed the agent that they are prepared to reduce the price by£8k if I deal with the lease extension myself. I'm unsure whether that's a good idea
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    Lease Extensions in Northfield

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