Lease Extensions in Sherwood

Common questions relating to Sherwood Lease Extensions

I am considering investing in a holiday home but it has a lease that expires in twenty years. Its in Sherwood - I wanted to see if with your services this could be extended?

We have a ground floor flat in Sherwood with 62 years remaining. Ten months ago we were quoted a deal to receive a lease extension for a further thirty years but also uplift the ground rent from notional to £200 per year..plus a premium I think of approximately 16k. We have now decided to go ahead but do we now have to renegotiate?

Me and my partner are proceeding with buying a 2 bed flat in Sherwood. I was advised by the EA that the lease extension had already been completed while on a viewing (fivety five years remaining prior to extension). The sales particulars stated "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The seller supposedly has a quote but no funds to extend as a result the owner intends to exchange and use the deposit monies to extend the lease. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?

I own a purpose-built flat based in a small block in Sherwood. The leasehold interest in the apartment on a ninety five year lease started on 1 August 1972 with a set yearly rent of 35. I would like to obtain a lease extension. Can I talk with someone to go through my options please?

My (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 partner are acquiring a studio flat in Sherwood which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of extending the lease. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our to do OS1 search on the property title. 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 has not been issued. Is it right that we must hold on 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 Sherwood for a three bed flat - sec 42 having been issued?

We are concerned about seeking a lease extension from an objectionable landlord. Notwithstanding that the correct procedures were adhered to under the appropriate legislation, the landlord still attempted to get ground rent of £200 doubling every twenty years of the new lease. Can you help?

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

I have a lease of 67 years remaining on my flat in Sherwood. 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 Sherwood