FAQs concerning Allestree Lease Extensions

  • 40k agreed with the landlord, just attempting to find a Allestree conveyancers for a lease extension. Our lease has about seventy seven yearsoutstanding. What's your legal fee ?
  • I have a lease of 79 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • Possibly made an error, I am seeking a lawyers in Allestree who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to help me with?
  • I am a first time buyer of a leasehold flat in Allestree. The lease has just sixety six years outstanding and ground rent is £95. Is it possible for the owner to serve the Notice of Claim and then transfer this right to me as the purchaser once I complete the buying process so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the homeowner? Unfortunately it’s the case of an missing freeholder, so I am not sure how this will play out.
  • I would like to know how much it would charges and the best way to get a lease extension started? I have roughly seventy years outstanding and I own a one bedroom ground floor purpose built maisonette in Allestree.
  • My flat in Allestree is up for sale and I have a hopefully firm offer. There is eighty one years left on the lease and I want to extend the lease. How much does it cost on average to get a lease extension by, say,twenty years
  • My lawyers (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 under 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?
  • Me and my fiance are hoping to acquire a flat (a ground floor flat inAllestree with share of freehold). Throughout our search, we were always looking at flats that had a minimum 84 years residual lease term. We found a apartment we liked and the estate agent assured that the lease was long albeit not specifying a number. This morning our conveyancers advised us the lease only has sixety five years and thus needs a lease extension. Should we run away, or should we reduce our offer?
  • I am currently in the process of remortgaging my ground floor flat in Allestree and the new lender that I am looking to move to requires at least 85 years remaining on the lease in order for them to progress matters. I have found that I currently have around sixety nine years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
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    Lease Extensions in Allestree

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