Common questions relating to Rise Park Lease Extensions

  • I am looking for a in Rise Park and they need to be on the Aldermore approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend any please ?
  • I am going to purchase a flat in Rise Park. The offer is conditional upon a lease extension. The flat owner’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 HSBC Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • I am looking into the costs of carrying out a lease extension for my studio flat in Rise Park, and would like some figures on that.
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My son has a share of freehold, with two other leaseholders in a building in Rise Park. House converted into three apartments. He has a lease, which has just over fivety six years left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 71 years. I need a at my end. Can you advise please? I live near Rise Park and have a mortgage with HSBC Bank.
  • Me and my fiance would like to know the cost of a lease extension valuation for a property based in Rise Park. Would you be able to help?
  • I'm intent on purchasing a flat in Rise Park valued at £256,000 the flat has just under sixety four years unexpired on the lease. I put in an offer subject to a lease extension... .. that was back in August, hoping I'd be in before now. They have just informed me they are willing to knock £3k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • I am currently negotiating a lease extension for my flat in Rise Park 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 59 years remaining on my flat in Rise Park. 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?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Rise Park