Recently asked questions relating to Cambridge Lease Extensions

  • I inherited a maisonette in Cambridge that I am now unable to sell as a result of the lease requiring a lease extension. What's your solicitors fee ?
  • I am interested in getting a lease extension for a flat in Cambridge and want to use a local . Are you able to help me find a ?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I plan on buying a flat in Cambridge. My offer is conditional upon a lease extension. The seller’s has given to the freeholder the Section 42 Notice. 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 National Westminster Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • I need to talk to you about a leasehold property in Cambridge, I am considering bidding at auction next month. The flat has a short lease and I am curious about how much it would cost to get a lease extension and for your services.
  • I have my suspicions that my niece might be having the wool pulled over her eyes. She put in an offer on a one bedroom apartment in Cambridge, where the lease is roughly 72 years but she was informed by the selling agents that the flat owner had extended it to 99 years. She has now been informed the flat owner was holding off for her to retain lawyers ahead of instigating the lease extension. Seems odd to me, also it may take time to sort it all out. Am I reading too much into it?
  • We would like to extend our lease having owned the property for two years as of 22nd March 2016. It has nearly 74 years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as is reasonably achievable.
  • I'm living with my mum and dad but have a maisonette in Cambridge let out which has a 57 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Cambridge for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • I am the freeholder of a property in Cambridge where the leaseholder has requested a lease extension. Her valuer has suggested a figure of £8,000, but has upped this to £10,000 at the drop of a hat. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to incur?
  • I am currently negotiating a lease extension for my flat in Cambridge as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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