With all the talk of leasehold, I have a question for the hive mind. I'm selling a flat with 89 years left. Freeholder is Hackney Council. The buyer initially wanted me to start the lease extension process and they take it over which is fine. However what is the minimum I need to do for this?
Do I have to submit a Section 42 or can it be done in an 'informal' way. With a Section 42 or another way, do I NEED specialist survey done? I know neighbours who have extended the lease so there is precedent for cost etc already.
With all the talk of leasehold, I have a question for the hive mind. I'm selling a flat with 89 years left. Freeholder is Hackney Council. The buyer initially wanted me to start the lease extension process and they take it over which is fine. However what is the minimum I need to do for this?
Do I have to submit a Section 42 or can it be done in an 'informal' way. With a Section 42 or another way, do I NEED specialist survey done? I know neighbours who have extended the lease so there is precedent for cost etc already.