Yes, it is included.

The terms of the sale: The purchase price and the lease to be extended before exchange at the vendors expense. The section 45 has been agreed therefore I would assume the next step is to produce the new lease and then register it with land registry which I am hoping won't take too long....(famous last words)

I would have no issue proceeding with exchange & completion if my solicitor has the new lease and the seller provides proof of application to land registry has been made.

Yet to receive the LP1 however only kicked it off last week.

Cheers for the advice, will keep in mind.

Posted By: KetteringRyu on June 1st 2021 at 13:11:20

Message Thread

Buying with leasehold extension (General Chat) - KetteringRyu, Jun 1, 11:57:59
- You should get professional advice (General Chat) - KevinBond, Jun 1, 12:26:18
  - The WOTB.... for all your legal, medical and plumbing advice.... (n/m) (General Chat) - usacanary, Jun 1, 17:38:48
- Can't your solicitor advise? (General Chat) - SimonOTBC, Jun 1, 12:24:39
  - I've asked however like most solicitors they can't give an estimation but.... (General Chat) - KetteringRyu, Jun 1, 12:35:22
    - Yep, fair enough. The quality is variable on anything more than basic searches (General Chat) - SimonOTBC, Jun 1, 12:44:21
      - The thing is the solicitors I use are very good. Almost computer like (General Chat) - KetteringRyu, Jun 1, 12:52:07
      - CWC is the man we need for this. (n/m) (General Chat) - DrDublin, Jun 1, 12:47:51
        
        Not my area (n/m) (General Chat) - CWC, Jun 1, 16:17:05
        
        and NxNW too obv's. (n/m) (General Chat) - DrDublin, Jun 1, 12:48:19
  - Apologies to any conveyancing solicitors on here, but they are notoriously crap at dealing (General Chat) - NxNW, Jun 1, 12:26:32
    - Which is why you should never go cheap on a leasehold purchase... (n/m) (General Chat) - CWC, Jun 1, 16:15:55
- I work in resi leasehold, albeit not in extensions. (General Chat) - NxNW, Jun 1, 12:15:29
  - Yeah, it's been done in line with the statutory lease extension (General Chat) - KetteringRyu, Jun 1, 12:47:11
    - It sounds like your purchase price effectively includes the premium for the extension, so (General Chat) - NxNW, Jun 1, 13:01:57
      - Yes, it is included. (General Chat) - KetteringRyu, Jun 1, 13:11:20

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.