FAQs concerning Parson Cross Lease Extensions

  • I would like to have my residential flat leasehold extension premium valued. The flat is in Parson Cross, and my lease will reach 55 years this December. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I bought a garden flat in Parson Cross. The start date for the lease was in 1992 for 99 years. Now I am wanting to extend the lease. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?
  • We bought a leasehold with a freeholder who has failed to give us a counter-notice for a lease extension for our flat in Parson Cross and are therefore considering the option of a vesting order. Is this something you can help us with?
  • I will soon view a two bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has seventy five years residual lease term on the lease. It is also a repo so I'm assuming that the bank will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • I am a first time buyer of a leasehold flat in Parson Cross. The lease has just seventy one years balance left and ground rent is £95. Is it possible for the flat owner to serve the Section 42 Notice and then transfer this right to me as the purchaser on the day of completion so that I can avoid waiting 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 legal but will it be very time costly to the vendor? Unfortunately it’s the case of an missing landlord, so I am not sure how does it work.
  • My mortgage lender is requesting a £450 fee for their conveyancers for a "deed of substituted security" for the lease extension for my flat in Parson Cross... I can find no mention of this in my mortgage guide... is this a normal fee to pay?
  • Me and my wife would like to know the cost of a lease extension valuation for a property based in Parson Cross. Is this something you can help us with?
  • I own the freehold of a 2 bedroom flat in Parson Cross. The leaseholders have seventy four years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
  • I'm intent on acquiring an apartment in Parson Cross at a price of £256,000 the flat has approaching 78 years remaining on the lease. My offer was conditional upon the lease being extended... .. that was back in June, hoping I'd have completed before Christmas. The seller has just informed the agent they are willing to knock £5k off if I deal with the lease extension myself. I'm not sure whether that's a good idea
  • Just a quick one, how much is the premium payable for a lease extension on a residential property in Parson Cross for a three bed flat - section 42 is already served?
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    Lease Extensions in Parson Cross

    Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Parson Cross