FAQs concerning Norwich Lease Extensions

  • So this is the scenario: I own a one bedroom apartment in Norwich that I now cannot sell as a result of the lease needing a lease extension. How long will it take ?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I bought a maisonette in Norwich. The lease commenced in 1997 for 99 years. Now I am looking to extend the lease. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?
  • I am looking into the costs of carrying out a lease extension for my one bedroom apartment in Norwich, and would like some figures on that.
  • I am a FTB of a leasehold flat in Norwich. The lease has only 79 years residual lease term and ground rent is £75. Is it possible for the seller to serve the Initial Notice and then assign over the right to me as the purchaser on the day of completion so that I can avoid waiting for the two 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 may be possible but will it be very time costly to the homeowner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
  • My partner and I have a ground floor flat in Norwich with 73 years left. Last year we were quoted a deal to grant a lease extension for a further fifty years but also increase ground rent from notional to £200 per year..plus a premium I think of about 14k. Finally we have decided to move forward but do we now have to renegotiate?
  • I have a share of the freehold. There are four apartments in the house. All the leaseholders are now looking for lease extensions. What's your legal fee?
  • Hi I own the freehold interest in a 3 bedroom flat in Norwich. The leaseholder has a sixety seven year lease and would like to purchase further 125 years. He is offering me £18,000 but I am unsure if this is too low an offer
  • I own the freehold reversion of a property in Norwich and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has increased this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to incur?
  • I'm looking for some help concerning extending the lease on my maisonette. The plan is to do this next autumn as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. You are able to recommend a good conveyancers with expertise in lease extensions. Ideally nearby in Norwich?
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    Lease Extensions in Norwich

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