Pagham Lease Extensions: Q and A’s

  • Hello, I am looking somewhere around or in Pagham 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • I have shares in the freehold of 2 blocks of flats comprising of 8 flats each. Two of the leaseholders want a lease extension and I'm enquiring about the procedure for this
  • My OH and I are proceeding with buying a one bed flat in Pagham. I was advised that the lease had been lengthened (seventy four years remaining prior to extension). The sales particulars stated "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The vendor supposedly has a quote but no funds to extend and consequently the homeowner wants to exchange and use the deposit monies for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • My OH and I have owned a leasehold flat for about twenty years. It now has sixety two years outstanding on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate advice.
  • Me and my fiance are acquiring a one bed flat in Pagham which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced extending the lease. The seller has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our to do a pre-completion search on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it right that we have to hold on until the new lease is registered?
  • Me and my partner are hoping to purchase a flat (a studio flat located inPagham with share of freehold). Throughout our search, we were always looking at apartments that had at least 84 years remaining. We found a apartment we liked and the selling agent assured that the lease term was not an issue. Yesterday our informed us the lease only has seventy five years and therefore needs a lease extension. Should we run away, or do we reduce our offer?
  • We currently own a ground floor flat in Pagham and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 66 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • I have fivety five years remaining on my lease of a ground floor flat in Pagham, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I am currently negotiating a lease extension for my flat in Pagham 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?
  • I have a lease of 56 years remaining on my flat in Pagham. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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