Frequently asked questions relating to Atherstone Lease Extensions

  • I have an interest in the freehold of buildings comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm enquiring about the procedure for this
  • I own a leasehold flat in the Atherstone area and was curious if I could get a lease extension. What are your processes and charges. Has 62 years outstanding
  • I plan on buying a flat in Atherstone. The offer is conditional upon a lease extension. The current owner’s property lawyers has given to the freeholder the Notice of Claim. 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 Nationwide Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I'm deliberating over buying a garden flat (leasehold) but the landlord has been missing for around 15yrs. My query is would it be cheaper to try to acquire the reversionary title or to extend lease and apply for right to manage?
  • The terms for the lease on my flat in Atherstone are 99 years from 12 Dec 1990. Please give me a quote for a lease extension if I give you more specifics please?
  • I am about to view a one bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 55 years left on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • My mortgage provider is requesting a £450 fee for their property lawyers to agree a lease extension for my flat in Atherstone... I am unable to find any mention of this in my mortgage contract... is this a usual cost that they charge?
  • 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?
  • Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Atherstone for a three bed flat - sec 42 is already served?
  • I am planning on refinancing my one bedroom apartment in Atherstone and the bank that I am looking to switch to needs at least 85 years remaining on the lease in order for them to take the mortgage forward. We currently have around fivety six years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
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    Lease Extensions in Atherstone

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