Selsey Lease Extensions: Q and A’s

  • My name´s Luca. I’m property hunting in Selsey I'm considering offering on a 2 bed flat online, with about seventy three years remaining, how much does it cost on average to get a lease extension by, say, 45 years?
  • I am looking for a property lawyers in Selsey and they should be on the Santander approved conveyancers panel as we need a lease extension and refinance at the same time. Can you recommend any please ?
  • I plan on buying a flat based in Selsey. My offer is conditional upon a lease extension. The homeowner’s property lawyers 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 Yorkshire Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I bought a garden flat in Selsey. I am looking to extend lease on the property. It is nearon eighty one years. I would just like to know what your charges are and how long the process takes.
  • My mortgage provider is requesting a £500 fee for their property lawyers for a "deed of substituted security" for the lease extension for my flat in Selsey... I am unable to find any reference of this in my mortgage contract... is this a usual charge?
  • My property lawyers (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?
  • Me and my OH have owned a leasehold flat for about eighteen years. It now has 58 years remaining on the lease. Following a year of difficult negotiations through my lawyers and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
  • We are hoping to buy a home (a ground floor flat based inSelsey with share of freehold). During our search, we were always looking at flats that had a minimum ninety years remaining. We came across a place we fell in love with and the estate agent promised us that the lease term was not an issue. Yesterday our lawyers advised us the lease only has fivety four years and therefore requires a lease extension. Do we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am the freeholder of a property in Selsey where the leaseholder has requested a lease extension. Her valuer has given a figure of £8,000, but has increased this by £2,000 without too much effort. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to face?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in Selsey
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    Lease Extensions in Selsey

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