FAQs concerning Allestree Lease Extensions

  • We have just purchased a ground floor flat located inAllestree and I'm thinking about extending the lease as soon as I can e.g. in 24 months of ownership
  • Hi, I am looking somewhere around or in Allestree 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 798 years outstanding so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any information would be much appreciated.
  • I inherited a one bedroom apartment in Allestree. The start date for the lease was in 1992 for 99 years. Now I am looking to extend the lease. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?
  • The terms for the lease on my apartment in Allestree are 95 years from 15 Jan 1989. Please provide me a quote to extend the lease if I give you more details please?
  • I am a first time buyer of a leasehold flat in Allestree. The lease has just fivety four years left and ground rent is £75. Is it possible for the current owner to serve the Notice of Claim and then assign this right to me as the buyer on the day of completion so that I don't have to wait for the two 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 current owner? To add to the complexity it’s the case of an missing landlord, so I am not sure how does it work.
  • I am considering acquiring an auction property and found a studio flat in Allestree. It has just 50 year lease..the current owner as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the disadvantages of this other than the expensive fee to put a new lease on it and decreased chance of obtaining a mortgage with Norwich and Peterborough Building Society?
  • We have a GFF in Allestree. There is 81 years remaining on the lease and we want to extend the lease. What will it likely cost to get a lease extension by, say,fifty years
  • We are considering purchasing a 2 bed flat in Allestree which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?
  • I am worried about getting a lease extension from an objectionable freeholder. Regardless of the fact that the correct 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?
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    Lease Extensions in Allestree

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