Lease Extensions in Worthing

FAQs concerning Worthing Lease Extensions

I am going to purchase a flat located in Worthing. The offer is subject to the lease extension. The homeowner’s has given to the freeholder 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 Coventry Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I'm thinking of purchasing a three bedroom first floor purpose built maisonette (leasehold) but the landlord has been missing for roughly 15yrs. My question is would it be cheaper to try to acquire the reversionary title or to extend lease and apply for right to manage?

I acquired a ground floor flat in Worthing. I am looking to extend lease on the property. It is nearing eighty one years. I would just like to know what your charges are and how long the process takes.

I'm looking for a flat to buy in Worthing and I'm not really familiar with the leasehold title. I've found a 2 bed flat I like with a 90 years lease. My research reveals that I can go for a lease extension having owned the property for a couple of years, but:- Should I be looking at some conditions that would prevent me for getting a lease extension?

I am a freeholder of a block of flats in Worthing, and the lessees are in the process of being issued lease extensions. I should hopefully get the money next month. Are there any tax implications, the property is co-owned with my partner ?

I am looking at acquiring an auction property and came upon a studio flat in Worthing. It only has a 48 year lease..the current owner as mortgagees in possession dont want the aggravation of applying for a lease extension..what are the drawbacks of this other than the costly fee to extend the lease and decreased chance of obtaining a mortgage with Birmingham Midshires?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around seventy nine years. I need a at my end. Can you advise please? I live near Worthing and have a mortgage with Clydesdale.

Coming up to 2 years that I have owned my studio flat in Worthing. I have fivety seven years left on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?

I know that others in the same block had already had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?

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