Questions and Answers: Atherstone Lease Extensions

  • I’m about to offer on a studio flat to purchase in the Atherstone area and was enquiring how much would it cost for a lease extension? It has sixety six years left...
  • I acquired a property in Atherstone and it has nearly 66 years outstanding. I'd like to extend the lease period
  • I'm planning to make an offer on a house in Atherstone 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 Skipton Building Society giving us the mortgage now?
  • I have contacted my freeholder to extend my lease for my flat in Atherstone. Her lawyers has been in contact regarding fees etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started April 1985.
  • Think I may have made a mistake, I am searching for a conveyancers in Atherstone who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can help me with?
  • The terms for the lease on my flat in Atherstone are 95 years from 14 Sep 1990. Can you supply me me a quote for a lease extension if I give you more specifics please?
  • Offer accepted on a a garden flat in Atherstone, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer in writing through the post which states the lease as 85 years.Contracts were due to be exchanged in a couple of days. My query is Is it not odd that my solicitors didn't pick this up far earlier than just before exchange?
  • 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?
  • My brother and I are hoping to acquire a flat (a studio flat located inAtherstone with share of freehold). Throughout our search, we were always looking at flats that had at least 83 years balance left. We found a apartment we liked and the estate agent assured that the lease term was not an issue. This morning our solicitors told us the lease only has 74 years and therefore requires a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • We have a garden flat in Atherstone with a lease of 68 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Atherstone

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