Lease Extension Costs and Problems When Selling
An unexpected lease extension cost, an unclear offer from the freeholder or an extension that was never completed can complicate a flat sale or remortgage.
These articles examine extension quotations, proposed terms, timing and registration problems. If the issue relates to arrangements or advice from your original purchase, the lease, Report on Title and correspondence may help establish what was explained.
The extension has become a problem. What were you told when you bought?
If an extension cost or unresolved lease arrangement is affecting your sale or remortgage, visit When I Bought’s short-lease guide. Explore the records that may matter and tell us what has happened.
You do not need to decide whether anyone was at fault before starting a conversation.
Lease extension problem? Start with When I Bought →
When I Bought is a Lexsure service. It is not a law firm and does not provide legal advice.
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Lease Extension Reform Debated in House of Lords
Peers took part in a second reading debate on the Leasehold Reform (Amendment) Bill. This private members’ bill, was introduced to the House of Commons by Conservative MP Philip Hollobone. The bill received cross-party support. The bill amends the Leasehold Reform, Housing and Urban Development Act 1993 in relation to the permitted signatories of notices.…
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Mortgage Works Conveyancing Panel Alert – Minimum Lease Term
Historical Mortgage Works article This article records The Mortgage Works’ minimum lease-term requirements in 2014. It should not be relied upon as a statement of the lender’s current policy. For current practical discussion of short leases and future mortgageability, read Short Lease: Extend Now or Wait for Reform? Historical minimum lease-term requirements can be researched…