Lease Extensions in Rothbury

Common questions relating to Rothbury Lease Extensions

I’m about to offer on a one bedroom ground floor purpose built flat to buy in the Rothbury area and was curious how much would it cost for a lease extension? It has 63 years outstanding...

I have contacted my freeholder for a lease extension for my flat in Rothbury. Her has been in contact concerning costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started June 1990.

I am going to purchase a flat based in Rothbury. The offer is subject to the 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 Accord Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?

My partner and I have a GFF in Rothbury. There is 81 years to run on the lease and we want a lease extension. How much will it likely cost to get a lease extension by, say,25 years

If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?

We are acquiring a maisonette in Rothbury which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of dealing with a lease extension. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a "priority search" on the lease. The problem 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 property title number is not known. Is it correct that we have to wait until the lease extension has actually been registered before completing.?

Just a quick question, how much is the premium payable for a lease extension on a residential property in Rothbury for a two bed flat - section 42 having been issued?

I am the freeholder of a property in Rothbury where the leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £9,000, but has increased this to £10,000 at the drop of a hat. My valuer has recommended a much higher amount. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?

I'm hoping for some assistance with regard to a lease extension on my flat. The intention is to do this in nine months time as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. You are able to recommend a good who specialises in lease extensions. Preferably based in Rothbury?

I have a lease of 66 years remaining on my flat in Rothbury. 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 Rothbury