Frequently asked questions relating to The Park Lease Extensions

  • Hello, I stumbled upon your site. I'm seeking prices on what a lease extension will cost for a a property based in The Park. It's on the market at the moment but has nearly seventy years unexpired lease on the lease
  • I am the registered owner of a property in The Park and it has approximately seventy six years left. I'd like to extend the lease period
  • I am looking for a lease extension on the lease on my ground floor flat in The Park which will have 55 years unexpired lease in January. What fees do you charge for this?
  • I plan on buying a flat in The Park. The offer is subject to the lease extension. The vendor’s has served the Notice of Claim. 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 Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I am a first time buyer of a leasehold flat in The Park. The lease has only 70 years outstanding and ground rent is £25. Is it possible for the current owner to serve the Section 42 Notice and then assign this right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the seller? To add to the complexity it’s the case of an absent freeholder, so I am not sure how does it work.
  • We wish to extend our lease having owned the place for two years as of 1st April 2016. It has circa 60 years remaining currently. Hoping to get a lease extension by another 90 years as quickly and stress free as possible.
  • My dad has a share of freehold, with two other leaseholders in a building in The Park. House converted into three apartments. He has a lease, which has roughly sixety three years outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • I am in need of some help with a lease extension. I live in Edinburgh but the flat in question is based in The Park. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm looking at buying a flat in The Park at a price of £195,000 the flat has something like sixety two years left on the lease. My offer was subject to a lease extension... .. that was back in September, expecting I'd have completed before Christmas. They have just informed me that they are prepared to knock £5k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • We are concerned about seeking a lease extension from an objectionable freeholder. Even though the legal procedures were followed under the 1993 Act, the freeholder still attempted to get ground rent of £250 increasing by 100% every twenty five years of the new term. Can you assist?

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