Common questions relating to Northleach Lease Extensions

  • My name´s Omar. I’m house hunting in Northleach I'm considering offering on a ground floor flat online, with nearon sixety nine years unexpired lease, how much will it likely cost to extend in this location by, say, fifty years?
  • Hello, I am looking somewhere around or in Northleach 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • My partner has a flat based in Northleach which we have just put on the market. The leasehold has approximately fivety nine years left on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.
  • Is it possible to talk with you about an apartment in Northleach, I am thinking of buying at auction in the next few days. The flat only has a few years remaining and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to buy in Northleach and I'm not really familiar with the leasehold arrangement. I've found a ground floor flat I like with a 87 years lease. My research reveals that I can get a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Accord Mortgages Ltd?
  • I am a first time buyer of a leasehold flat in Northleach. The lease has only fivety nine years unexpired and ground rent is £50. Is it possible for the seller to serve the Section 42 Notice and then transfer over the right to me as the buyer 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 achievable but will it be very time consuming to the homeowner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
  • I have my suspicions that my niece is being hoodwinked. She submitted an offer on a three bedroom ground floor purpose built flat in Northleach, where the lease is nearly sixety six years but she was informed by the selling agents that the seller had extended it to 99 years. She has now been informed the owner was waiting for her to instruct conveyancers ahead of instigating the lease extension. Seems devious, also it will take time to sort it all out. Am I being too sceptical?
  • Re a residence in Northleach. upper maisonette. 60 yrs unexpired. I have negotiated a lease extension price of £14k for 115yrs. Landlord also requested Initial Notice which I think is a tad over the top. Can you assist.
  • Just been over 2 years that I have owned my garden flat in Northleach. I have sixety six years left on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • My colleague is concerned about seeking a lease extension from an objectionable landlord. Regardless of the fact that the legal procedures were adhered to under the appropriate legislation, the freeholder still tried to get ground rent of £300 doubling every 25 years of the new term. Can you help?
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    Lease Extensions in Northleach

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