Selston Lease Extensions

Frequently asked questions relating to Selston Lease Extensions

I bought a property in Selston and it has just under seventy six years outstanding. I'd like to arrange a lease extension by twenty years

I am looking for a in Selston and they should be on the Nottingham Building Society approved conveyancers panel as we need a lease extension and refinance simultaneously. Can you recommend a ?

I have been in touch with my freeholder for a lease extension for my flat in Selston. His has been in contact with costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started January 1990.

I'm looking for a flat to buy in Selston and I'm not really familiar with the leasehold arrangement. I've found a three bed flat I like with a 82 years lease. My research reveals that I can go for a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with the mortgage?

I am a freeholder of a block of flats in Selston, and the tenants are in the process of being given lease extensions. I should hopefully get funds within a month or so. Are there any tax implications, the property is co-owned with my husband ?

I have a share of the freehold. There are four flats in the block. All the leaseholders are now looking for lease extensions. What are the timescales to grant a lease extension?

Me and my fiance have been in discussion with our freeholder after having a valuation on our ground floor flat in Selston. We have a seventy two year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.

I am the freeholder of a property in Selston and a leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has increased this by £2,000 without too much effort. My surveyor has recommended a much higher figure. 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 equipped with the valuations I have? If not, what charges would I be likely to face?

We know that others in the same block had already had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?

I am currently negotiating a lease extension for my flat in Selston 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?

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