Sample questions relating to Peacehaven Lease Extensions

  • I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has 75 years residual lease term
  • We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 798 years balance left so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any guidance would be much appreciated.
  • I am going to purchase a flat located in Peacehaven. My offer is subject to the lease extension. The seller’s 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 Skipton Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I own a ground floor flat in Peacehaven. I am looking to extend lease on the property. It is nearon eighty one years. I would just like to know what your charges are and how long it would take for completion.
  • I'm looking for an apartment to purchase in Peacehaven and I'm not really familiar with the leasehold concept. I've identified a one bedroom first floor purpose built flat I like with a 90 years lease. My research reveals that I can apply for a lease extension having owned the property for a couple of years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?
  • I am about to view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has fivety five years balance left on the lease. It is also a repo so I'm guessing that the lender will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • Me and my fiance had entered into buying a garden flat in Peacehaven. I was advised by the EA that the lease extension had already been completed while on a viewing (62 years unexpired lease prior to extension). The sales particulars said "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The flat owner apparently has a quote but no funds to extend and consequently the flat owner 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 partner and I have owned a leasehold flat for approximately eighteen years. There are seventy eight years unexpired lease on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.
  • I am planning to extend the lease on my garden flat in Peacehaven I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I am currently negotiating a lease extension for my flat in Peacehaven 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 Peacehaven