Norwich Lease Extensions

Frequently asked questions relating to Norwich Lease Extensions

I'm about to make an offer on a house in Norwich but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Nottingham Building Society giving us the mortgage now?

I am the owner of a maisonnette together with the freehold title. The owners of the upstairs flat have asked for a lease extension what do I need to do?

I would like to have my residential flat leasehold extension premium assessed. The flat is in Norwich, and my lease will reach sixety eight years this May. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?

I am going to purchase a flat located in Norwich. The offer is subject to the lease extension. The seller’s 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 Nationwide Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I invested in buying a garden flat in Norwich. I am looking to extend lease on the property. It is slightly less than 80 years. I would just like to know what your charges are and how long it would take for completion.

We are considering buying a maisonette in Norwich which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

I an interested in finding out more about purchasing a leasehold residence. We plan to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Norwich area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?

I do not need a lease extension but I do require a vesting order on a property I want to purchase in Norwich. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the garden area.

I am currently negotiating a lease extension for my flat in Norwich 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 Norwich