FAQs concerning Petworth Lease Extensions

  • Hi. I need someone to have a look at my lease extension ahead of it being formalised just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor variations.
  • I plan on buying a flat based in Petworth. The offer is conditional upon a lease extension. The seller’s property lawyers has given to the freeholder 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 Aldermore. Moreover, which are the following lease extension steps to complete the purchase?
  • The terms for the lease on my apartment in Petworth are 99 years from 15 Jan 1980. Please provide me a quote to extend the lease if I give you more details please?
  • I need to talk to you about an apartment in Petworth, I am considering bidding at auction in the next few days. The flat only has a few years remaining and I am curious about what it would cost to get a lease extension and for your services.
  • I'm looking for a flat to buy in Petworth and I'm not really familiar with the leasehold arrangement. I've identified a three bed flat I like with a 82 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Is this a given?
  • I am a landlord of a block of flats in Petworth, and the leaseholders are in the process of being issued lease extensions. I should hopefully get the money next week. Are there any tax implications, the property is co-owned with my husband ?
  • I am looking at buying an auction property and identified a studio flat in Petworth. It has just 41 year lease..the seller being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with Nottingham Building Society?
  • My wife and I have a first floor flat in Petworth with 66 years unexpired. Last year we were quoted a deal to receive a lease extension for another 25 years but also increase ground rent from nominal to a little more..plus a premium I think of about 14k. We have now decided to proceed but do we now have to renegotiate?
  • I require an estimate to extend my mum’s lease on a one bed flat in Petworth. She already has a figure from the freeholder for a lease extension but I am far from certain if it is too expensive.
  • Do you handle lease extensions on land? (a plot of land in Petworth with 82yrs remaining)
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    Lease Extensions in Petworth

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