Recently asked questions relating to Saxilby Lease Extensions

  • My husband and I are looking for lease extension for our two bed flat located in Saxilby and we don't fully understand the communication that we received from our freehold company. Can you please help us with this situation?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Saxilby, and my lease will reach 56 years this December. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I am going to purchase a flat located in Saxilby. My offer is subject to the lease extension. The homeowner’s conveyancing practitioners 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 a landlord of a block of flats in Saxilby, and the lessees are in the process of being issued lease extensions. I anticipate receiving the money next week. Are there any tax implications, the property is in joint names with my partner ?
  • I am considering purchasing an auction property and came upon a studio flat in Saxilby. It only has a 41 year lease..the seller as mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this other than the expensive fee to put a new lease on it and reduced chance of getting a mortgage with Bank of Ireland?
  • I'm looking at purchasing a flat in Saxilby valued at £210,000 the flat has approximately sixety seven years remaining on the lease. I put in an offer subject to a lease extension... .. that was back in August, expecting I'd have moved in before now. The owner has just informed me they'll knock £5k off if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • My OH and I are are hoping to complete on a ground floor flat in Saxilby which has share of freehold and a leasehold. The lease was on the short side so the vendor is in the process of dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our lawyers to do a "priority search" on the lease. The concern here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we have to wait pending registration of the new lease?
  • My and my partner know that others in the same building previously had a lease extension, and the landlord was reasonable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?
  • We currently own a ground floor flat in Saxilby and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 57 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Saxilby
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    Lease Extensions in Saxilby

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