Frequently asked questions relating to Sherwood Lease Extensions

  • We agreed with the freeholder for a lease extension on our flat in Sherwood, 9.5k for another 90yrs. Can you please guide us with this situation ?
  • I have contacted my freeholder for a lease extension for my flat in Sherwood. Her has been in contact regarding costs etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started July 1984.
  • I am looking into the costs of carrying out a lease extension for my first floor flat in Sherwood, and would like some figures on that.
  • We purchased a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Sherwood and are therefore considering the option of a vesting order. Is this something you can help us with?
  • I need to talk to you about a flat in Sherwood, I am thinking of buying at auction next month. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to buy in Sherwood and I'm not really familiar with the leasehold tenure. I've found a ground floor flat I like with a 90 years lease. My research reveals that I can go for a lease extension after 2 years, but:- Should I anticipate any issue with my proposed mortgage lender Barclays ?
  • Ref a residence in Sherwood. upper maisonette. 58 yrs left. I have negotiated a lease extension price of £12,000 for 115yrs. Freeholder also insisted on Notice of Claim which I think is a bit over the top. Advice required.
  • I am planning to extend the lease on my one bedroom apartment in Sherwood I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I have 79 years remaining on my lease of a ground floor flat in Sherwood, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • 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?

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