Frequently asked questions relating to The Park Lease Extensions

  • 35k agreed with the freeholder, just attempting to find a The Park solicitors for a lease extension. Our lease has around 61 yearsremaining. How long will this take ?
  • I bought a flat in The Park with a leasehold unexpired about 60 years and need to extend it. Please can you clarify the next steps
  • I am about to put an offer in on a studio flat in The Park with a lease of seventy eight years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I have been in touch with my freeholder to extend my lease for my flat in The Park. His lawyers has been in contact concerning costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started May 1987.
  • I am going to purchase a flat based in The Park. My offer is conditional upon a lease extension. The owner’s property lawyers 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 Leeds Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I have a leasehold flat in The Park. I have built a big extension and have not informed my freeholder. What are my options?
  • I'm looking for an apartment to purchase in The Park and I'm not really familiar with the leasehold tenure. I've found a place I like with a 90 years lease. I've read that I can get a lease extension having owned the property for 2 years, but:- Is this a given?
  • I will soon view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 58 years balance left on the lease. It is also a repossession so I'm guessing that the lender will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 57 years. I need a conveyancing practitioners at my end. Can you advise please? I live near The Park and have a mortgage with Skipton Building Society.
  • I own the freehold reversion of a property in The Park and a leaseholder would like a lease extension. Her so called valuation expert has given a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My surveyor has recommended a much higher premium. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to incur?
  • Other Topics

    Lease Extensions in The Park

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