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Extend Your Lease guide discussion
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Comments
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Do you want to sell the flat next year with the extended lease?Posts are not advice and must not be relied upon.0
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im not looking to sell, but it would be nice to have the option too (knowing that the lease has been extended and i can get top dollor for my property).
the fact that my unexpired lease is currently at 73 years is my main worry. i want to get it sorted before it gets any lower!!:beer:0 -
If you want to do the statutory process perhaps start now.Posts are not advice and must not be relied upon.0
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i thought i couldnt start the 'statutory' process untili lived in the property for 2 years?:beer:0
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Our lease purchase was started in November and we completed last week so 3 months is do-able if both parties agree to everything.
I think it takes a long time if you have to go the route of having to serve notice?0 -
I have been told by my freeholder if we agree a deal informally it can take as little as 6 weeks.0
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want2bmortgage3 wrote: »I have been told by my freeholder if we agree a deal informally it can take as little as 6 weeks.
If they can do it that quickly, are they offering a good deal?Posts are not advice and must not be relied upon.0 -
with willing parties they can do it in 6 hours.
All it is is a new lease written and a couple of forms filled in and signed.
The reason that it takes months is because one of the parties is unwilling to agree terms and the other party is just waiting until they do.0 -
one of my concerns is that i have written to the freeholder a couple of times without response. i know they could have moved away, however im just worried that it will be difficult to get hold of them.
as you say it would be nice to communicate and perhaps get everything agreed directly between us first:beer:0
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