St Nicholas Lease Extensions: Q and A’s

  • My name´s Jackson. I’m flat hunting in St Nicholas I'm deliberating offering on a ground floor flat online, with just under 73 years outstanding, how much will it likely cost to get a lease extension by, say, thirty years?
  • I invested in buying a flat in St Nicholas with a leasehold unexpired about fivety seven years and need to extend it. Please can you advise me of the next stages
  • I own a leasehold flat in the St Nicholas area and was enquiring whether I could get a lease extension. What are your processes and fees. There are 62 years residual lease term
  • I plan on buying a flat in St Nicholas. My offer is conditional upon a lease extension. The flat owner’s 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 The Royal Bank of Scotland. Moreover, which are the following lease extension steps to complete the purchase?
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • My brother and I have owned a leasehold flat for approximately fifteen years. It now has 70 years unexpired lease on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would welcome advice.
  • I am the freeholder of a Edwardian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety five years. What are my next steps?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to acquire in St Nicholas. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the rear garden.
  • Just a quick one, how much does it cost for a lease extension on a residential property in St Nicholas for a three bed flat - sec 42 is already in place?
  • We currently own a two bedroom second floor purpose built flat in St Nicholas 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 five years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

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