Leasehold Extension

[sb516]

On buying a property late 2017 victorian house converted in 2 flats in NW2 north-west london.

I purchased the freehold for the whole building and the leasehold for the top floor flat.

The leaseholder downstairs had 68 years remaining on her lease. She, in turn, submitted a...

[TakashiJo]

I own a flat which has an unexpired lease. I am in the process of remortgaging the flat. I received a mortgage offer from a lender. However, I had only nineteen years left on my lease; The lender requires all properties on which it lends, to have a minimum of twenty years remaining on the lease....

[16smrlandlordzone]

Hi.

We're currently in the process of getting our lease extended. Unfortunately it's fallen below the critical 80 year mark to 78 years. As a result of this were now being quoted a lump sum payment of £30-35,000 to extend our lease another 90 years.

We've been told we have...

[McGinty]

My parents own a lease of a flat and shares in the company that owns the freehold. The property was built, freehold established and 99 year leases granted about 55 years ago; the freehold was bought by the lessees about 40 years ago; most of the leases in the block were extended to 999 year leases for...

[amorgan]

Hi all,

I own the top floor conversion flat in a block of three. This includes a share of the freehold which is owned by way of a share in a Ltd company of which all three owners are directors.

The owner of the middle flat wishes to sell and it has come to her attention...

[Hels.nath]

Dear all,

I would like to know the practical steps I can take as a leaseholder to get the lease extended.

My freeholder is not experienced.

We have now approached her to extend the lease informally. She said that she understands that we have a legal right...

[Soled73]

I've bought property before, but never leasehold, so sorry in advance for my lack of knowledge.

I'm looking to purchase a leasehold studio, its a bank repo and my offer of £97k has been accepted. The purchase is for buy-to-let purposes.

The flat has a remaining term of...

[James2013]

Hi,

I'm in the process of renewing my lease on my 1 bed flat worth around £130,000. However I need some advice on whether the terms suggested by the freeholder seem reasonable.

I have 64 years remaining on my lease.
I currently pay £45 ground rent pa.
The freeholder...

[owenlara]

I am in the process of extending my lease. I have not yet owned my flat for 2 years, so cannot proceed under section 42. I wanted to get it done as soon as possible though as my lease now has less than 70 years remaining. I bought it for £209k in August 2011 and the lease commenced in June 1983....

[sbijad]

I'm currently in the process of buying a new build flat for £150,000. My solicitor is now advising against it having seen the lease mainly due to escalating ground rent. £200/year for the first 20 years then doubling every 20 years. Which would make extension expensive.

I was hoping...

[ManbirNahal]

Hi Guys,

Needed to pick a few brains here.

I've got a building which has a Commercial Unit and basement then 4 flats above. The flats were sold on long leases before I got the building. The commercial unit and basement are used by me. All 4 flats were brought by a Housing...

[Gnana]

Hi there

Am interested in getting our lease extended (currently about 104 years left) as we've been leaseholders(lessee's)for the last 3 years for the flat. From my search on the internet and various other forums so far, understand that its a fairly straight forward process with us serving...

[stormin]

Hi Everyone,
In 1983 my wife & I purchased a ground floor flat with a 99 year lease.
In a separate transaction we purchased the freehold for the building (ground floor flat & upstairs flat)
The upstairs flat has 54 years remaining on their lease.
We now wish to sell...

[Brainstormer]

I want to buy a 1 bed property in an auction but would like to know if there is any possibility I can extend it.

Its a ground floor flat with its own front door in a large 4 story council victorian property. The property has another three flats. Two have council tenants and the other...

[maccorcrain]

Hi - this is going to be a rather long message for which I apologise but I am literally tearing my hair out and am at a loss as what to do
I am currently trying to sell my flat in coventry but have had to take it off the market as it only has well under 70 years remaining on the lease can anyone...