Frequently asked questions relating to Nuthall Lease Extensions

  • Hello, I just randomly found this site. I'm looking for prices on what it cost to extend a lease of a studio flat based in Nuthall. It's up for sale at the moment but has slightly less than 67 years of unexpired leasehold
  • I invested in buying a one bedroom apartment in Nuthall with a leasehold unexpired of fivety nine years. I am curious about how much I will need to spend to extend my lease
  • I plan on buying a flat in Nuthall. My offer is conditional upon a lease extension. The vendor’s solicitors has served the Notice of Claim. 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?
  • In 2012 I purchased a leasehold apartment in Nuthall. I have built a huge extension and have not informed the freeholder. What should I do?
  • I am a freeholder of a block of flats in Nuthall, and the leaseholders are in the process of being issued lease extensions. I should hopefully get funds next week. Are there any tax implications, the property is in joint names with my partner ?
  • My dad has a share of freehold, with two other leaseholders in a building in Nuthall. House split into three apartments. He has a lease, which has just under 60 yrs remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • Coming up to 2 years that I have been in my maisonette in Nuthall. I have 59 years remaining on the lease. I am now wanting to buy a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 425k. 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: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
  • We are concerned about seeking a lease extension from tricky landlord. Notwithstanding that the correct procedures were adhered to under the 1993 Act, the freeholder still attempted to get ground rent of £250 doubling every 25 years of the new term. Can you help?
  • I am planning on refinancing my garden flat in Nuthall and the bank that I am looking to switch to needs at least 80 years on the leasehold of my property in order for them to progress matters. We currently have around sixety seven years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
  • We have a garden flat in Nuthall with a lease of seventy nine years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?
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    Lease Extensions in Nuthall

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