Frequently asked questions relating to Allestree Lease Extensions

  • I’m just looking for a 2 bed flat to buy in the Allestree area and was after more information on what the likely fees would be to extend a lease? It has fivety eight years left...
  • I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leasehold owners want to extend their leases and I'm wondering about the the process
  • I'm planning to make an offer on a house in Allestree 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 The Mortgage Works giving us the mortgage now?
  • I want to buy a leasehold property and extend the lease. The flat owner has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am the owner of a maisonnette together with the freehold of both flats. The owners of the upstairs flat have asked for a lease extension what do I need to do?
  • I am a first time buyer of a leasehold flat in Allestree. The lease has only sixety five years unexpired and ground rent is £95. Is it possible for the homeowner to serve the Initial Notice and then transfer this right to me as the buyer on the day of completion so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the vendor? To add to the complexity it’s the case of an absent landlord, so I am not sure how does it work.
  • Regarding a leasehold in Allestree. upper maisonette. sixety one yrs unexpired. I have an agreed lease extension to £14k for 125yrs. Landlord also requested Notice of Claim which I think should not be required. Advice required.
  • I'm looking at buying an apartment in Allestree valued at £195,000 the flat has approximately 58 years remaining on the lease. My offer was subject to the lease being extended... .. that was back in August, hoping I'd have moved in by now. They have just come back saying that they are prepared to reduce the price by£8k if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • We are concerned about seeking a lease extension from tricky landlord. Notwithstanding that the legal procedures were followed under the appropriate legislation, the freeholder still attempted to charge ground rent of £300 doubling every twenty five years of the new term. Can you assist?
  • I know that others in the same block previously had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you recommend this course of action?
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    Lease Extensions in Allestree

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