FAQs concerning Addlestone Lease Extensions

  • I'm about to make an offer on a house in Addlestone but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Nationwide Building Society giving us the mortgage now?
  • I am looking for a in Addlestone and they need to be on the Chelsea Building Society approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend a ?
  • I bought a garden flat in Addlestone. The lease commenced in 2001 for 99 years. Now I am wanting to extend the lease. I am not entirely sure about further expenses, could you tell me please how much I should expect to spend on this?
  • I am going to purchase a flat located in Addlestone. The offer is subject to the lease extension. The flat owner’s has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We inherited a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Addlestone and are therefore considering the option of a vesting order. Is this something you can do for us?
  • I need to talk to you about a leasehold property in Addlestone, I am considering bidding at auction next week. The flat only has a few years unexpired lease and I was wondering about what it would cost to get a lease extension and for your services.
  • We have a residential flat in Addlestone with fivety five years remaining. Ten months ago we were quoted a deal to have a lease extension for another 25 years but also uplift the ground rent from notional to a little more..plus a premium I think of about 14k. We have now decided to proceed but do we now have to start the negotiations again?
  • We have a one bedroom flat based in Addlestone. There is 81 years to run on the lease and we want a lease extension. What will it likely cost to extend in this area by, say,twenty years
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Addlestone