Questions and Answers: Romsey Lease Extensions

  • We have just bought a 2 bed conversion flat located inRomsey and I'm thinking about a lease extension as soon as possible e.g. in 24 months of ownership
  • I invested in buying a flat in Romsey with a leasehold unexpired nearly sixety two years and need to extend it. Please can you advise me of the next stages
  • I have an interest in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm wondering about the procedure for this
  • I have got a leasehold flat in the Romsey area and was curious whether I could obtain a lease extension. What are your processes and charges. There are 60 years residual lease term
  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 928 years outstanding so a lease extension is not required. 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 correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any suggestions would be much appreciated.
  • I plan on buying a flat located in Romsey. The offer is subject to the lease extension. The flat owner’s has given to the freeholder the Section 42 Notice. 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 TSB. Moreover, which are the following lease extension steps to complete the purchase?
  • My neighbours and I are in a block containing three flats in Romsey and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Me and my fiance are are hoping to complete on a ground floor flat in Romsey 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. An essential part 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 lease title number is not known. Is it correct that we have to be patient until the new lease is registered?
  • Are you able to provide an estimate to extend my mother’s lease on a garden flat in Romsey. She recently got a price from the landlord for a lease extension but I am not sure it is too expensive.
  • I have a lease of seventy six years remaining on my flat in Romsey. 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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