Lease extension

eddddy

youth_leader said:

The solicitor told my aunt the paperwork now had to go to Land Registry.

Most unfortunately her neighbour/freeholder is losing her job as a teacher due to the school closing. 
She phones my aunt a few times a week, and during the call this week she expressed her disappointment at the 'wait' for the money. 

Is there any way I can find out how long the lease will be at Land Registry please?

 

The sequence of events should be something like this:

• Your aunt and the freeholder each sign the documents and return them to their respective solicitors

• A few days later, the solicitors complete the lease extension - and at the same time, your aunt's solicitor pays the freeholder's solicitor. (Maybe the freeholder's solicitor tales a day or two to send the money on to the freeholder.)

• Your aunt's solicitor sends the relevant documents to Land Registry, for the extended lease to be registered

i.e, The freeholder should get their money before the documents are sent to land registry

youth_leader

How nice of you to write so quickly @eddddy - how very odd my aunt has been told this.  I'll phone her tomorrow and let her know, thank you very much.  

youth_leader

Thank you very much @eddddy. I phoned my aunt and instantly regretted it, she became very flustered.  Her neighbour/freeholder will have to wait this one out. 

A million thanks to you for all of your help.

RHemmings

youth_leader said:

Hello again  @edddy, I had a call earlier in the week from my aunt, she was very upset.

Her solicitor cancelled the 6 May due to sickness, and visited her on 9 May instead.  She signed the 'contract', and wrote out the cheque for £10K.  I had already sent the freeholder's solicitor's fees in December.  I went down to the IOW for the weekend of 10/11th May to see her and we had a pleasant birthday lunch with her neighbour.

The solicitor told my aunt the paperwork now had to go to Land Registry.

Most unfortunately her neighbour/freeholder is losing her job as a teacher due to the school closing. 
She phones my aunt a few times a week, and during the call this week she expressed her disappointment at the 'wait' for the money. 

Is there any way I can find out how long the lease will be at Land Registry please?

 

You could ask @Land_Registry, who is very helpful. @Land_Registry may ask for more details, but should be able to give a time estimate. 

youth_leader

Thank you @RHemmings but apparently Land registry are not involved, and the freeholder should have been paid a few days after the documents were signed.  My aunt's solicitor appears not to be following the standard procedure.  My aunt gets very flustered and I'm not going to mention it again  

RHemmings

youth_leader said:

Thank you @RHemmings but apparently Land registry are not involved, and the freeholder should have been paid a few days after the documents were signed.  My aunt's solicitor appears not to be following the standard procedure.  My aunt gets very flustered and I'm not going to mention it again  

Sorry, I thought that 'Is there any way I can find out how long the lease will be at Land Registry please?' referred to a process being undertaken at the Land Registry. 

youth_leader

Please don't apologise, I was misinformed and my question did ask that, I will amend.  @eddddy has explained Land Registry is not involved in the payment to the freeholder, I've no idea why my aunt's solicitor told her that.  

youth_leader

I spoke to my aunt about some exciting family news today.  

At the end of my news she told me her neighbour/freeholder had phoned her to say she'd heard from her solicitor and that the money should be coming through soon. 

My aunt continued to say that the neighbour 'confided in her' that she'd had to borrow money from her 90+ year old Mum'.  This neighbour works full time and receives a salary.   Why she had to lay the guilt of having anticipated receiving the money and spending it in advance at my aunt's feet is anyone's guess.  I wonder how many older people without family are in this situation.

youth_leader

At last it is finally over for my aunt ... the freeholder rang her today to say she has 'finally' received the money. 

The freeholder also told my aunt  she will be approaching the other leaseholder to see if he would like to extend his lease too as it is now 73 years, poor man!

RHemmings

youth_leader said:

At last it is finally over for my aunt ... the freeholder rang her today to say she has 'finally' received the money. 

The freeholder also told my aunt  she will be approaching the other leaseholder to see if he would like to extend his lease too as it is now 73 years, poor man!

Great news! Well done.