Not unless the freeholder agrees. You can extend if you can agree suitable terms with the freeholder, but you will be in a weak position and you may get a better deal if you wait two years.

Not necessarily! If the person selling to you has owned the property for two years he can serve notice to extend the lease on the freeholder and assign the benefit of the notice to you in the sale contract and then you would not need to wait two years.

No you just have to own the property for two years. There is now no requirement to live at the property at all.

Extending your lease improves the value of your property and, subject to your status, the cheapest method of finance will usually be to take a further advance from your existing lender. You may also be able to borrow to cover the professional fees.

If you have used your best efforts to locate the freeholder you can apply to the court for an extension and they will refer the case to the leasehold valuation tribunal to fix a price.

No the maintenance charges and the control of the management of the property is not affected by the lease extension.

You are not able to buy the freehold of your flat or maisonette individually, but, if enough of your neighbours join you, it is possible to force the freeholder to sell. We can advise you on the details.

Unfortunately it is not possible to say and depends more or less on how reasonable the freeholder is. If agreement is reached quickly the process may take about a month but if no agreement can be negotiated and you have to go to the tribunal the process could take 6 to 12 months.


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