Common questions relating to St Giles Lease Extensions

  • I bought a flat in St Giles with a leasehold unexpired nearly 55 years and need a lease extension. Please can you clarify the next steps
  • I am going to purchase a flat located in St Giles. My offer is subject to the lease extension. The flat owner’s conveyancers has served 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 Santander. Moreover, which are the following lease extension steps to complete the purchase?
  • I'm looking for an apartment to purchase in St Giles and I'm not really familiar with the leasehold title. I've found a ground floor flat I like with a 82 years lease. My research reveals that I can get a lease extension after a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Birmingham Midshires?
  • I am a first time buyer of a leasehold flat in St Giles. The lease has only 78 years balance left and ground rent is £50. Is it possible for the vendor to serve the Initial Notice and then transfer over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the flat owner? To add to the complexity it’s the case of an missing landlord, so I am not sure how does it work.
  • I own a share of the freehold. There are four flats in the building. All the leaseholders are now requiring lease extensions. How long will take to get a lease extension?
  • Me and my wife have owned a leasehold flat for approximately eighteen years. It now has 79 years remaining on the lease. Following a year of difficult negotiations through my property lawyers and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.
  • My husband and I would like to know the cost of a lease extension valuation for a property based in St Giles. Would you be able to help?
  • Just a quick question, how much is the premium payable for a lease extension on a residential property in St Giles for a one bed flat - sec 42 having been issued?
  • I own the freehold reversion of a property in St Giles where the leaseholder has requested a lease extension. Her valuer has given a figure of £9,000, but has increased this by £2,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to face?
  • We currently own a garden flat in St Giles 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 seventy seven 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?

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