Sample questions relating to Comberton Lease Extensions

  • I have been in touch with my freeholder for a lease extension for my flat in Comberton. Her has been in contact concerning charges etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started April 1990.
  • I plan on buying a flat located in Comberton. My offer is conditional upon a lease extension. The vendor’s has served 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 Leeds Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I am about to view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 54 years unexpired on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I wondered if you could help me on how much it would charges and the best way to start the lease extension process? I have just under 71 years unexpired lease and I own a two bedroom ground floor purpose built flat in Comberton.
  • My mortgage lender requires a £450 fee for their to approve the lease extension deed for my flat in Comberton... I am unable to find any mention of this in my mortgage contract... is this a usual fee to pay?
  • My husband and I have a leasehold flat in Comberton with 77 years remaining. Last year we were quoted a deal to receive a lease extension for another fifty years but also uplift the ground rent from nominal to £200 per year..plus a premium I think of about 14k. We have now decided to move forward but do we now have to renegotiate?
  • We have a one bedroom flat in Comberton. There is eighty years unexpired on the lease and we want to extend the lease. What does it cost on average to extend in this area by, say,twenty years
  • We are proceeding with buying a three bedroom first floor purpose built maisonette in Comberton. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy six years outstanding prior to extension). The description on the listing stated "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The homeowner apparently has a quote but no finances to extend and consequently the flat owner wishes to exchange and use the 10% deposit to extend the lease. My question is why has this only just been brought to my attention by my ?
  • I'm living with my mother and father but have a two bedroom second floor purpose built maisonette in Comberton let out which has a 70 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 Comberton 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 13k. Should I keep or sell the flat?
  • My wife and I are aware that others in the same block previously had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?

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